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| unemployment rate at 7.7%; Lowest since 2008 | |
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| Tweet Topic Started: Mar 8 2013, 10:07 PM (922 Views) | |
| Mountainrivers | Mar 8 2013, 10:07 PM Post #1 |
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Fire & Ice Senior Diplomat
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246000 private sector jobs created in Feb.. Looks like Obama's stimulus is working. The dollar is up against major currencies, gold is down, t-bond interest is up, housing construction is up. Let's see what the naysayers are going to come up with now. |
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| Mountainrivers | Mar 8 2013, 10:11 PM Post #2 |
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Fire & Ice Senior Diplomat
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Oh! And I forgot to mention the markets are setting new all-time highs daily. |
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| Banandangees | Mar 8 2013, 10:25 PM Post #3 |
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Fire & Ice Senior Diplomat
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Gosh, no links. MR has spoken. And if things are so good, why has Obama been so "gloom and doom" with his state to state campaign message. Aren't you a little confused reading about the good job news while hearing the bad job news from Obama. Either the media is reporting inaccurately or Obama is. Edited by Banandangees, Mar 8 2013, 10:30 PM.
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| Deleted User | Mar 8 2013, 10:39 PM Post #4 |
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Actually it looks pretty significant: Link The Dow Jones industrial average is set to hit record highs for its fourth consecutive day, as buying momentum and the growing appetite for stocks isn't letting up. Adding further to the rally was a better-than-expected U.S. non-farm payrolls report, which showed the net creation of 236,000 jobs last month. Economists were looking for 165,000 jobs. Meanwhile, the unemployment rate fell to 7.7 per cent, its lowest level since 2008 and also a better reading than what was expected. U.S. jobless rate drops to lowest in four years Canadian hiring shows surprising strength, blasts past forecasts ECONOMIC INDICATORS TO WATCH: Canada Mortgage and Housing Corp. said housing starts, at an annualized basis, were 180,719 in February, up 13.7 per cent, and a bit better than the 174,900 economists' expected. U.S. non-farm payrolls were up 236,000 last month, better than the 165,000 that was expected. The unemployment rate fell to 7.7 per cent, better than forecasts for 7.9 per cent. Canada gained 50,700 net jobs in February, much higher than the 8,000 gain that economists had forecast. The unemployment rate, as expected, held at 7 per cent. In Canada, February's job figures were much stronger than expected, and the loonie immediately erased earlier losses and is now trading up about one-third against the greenback. The broader S&P 500 index is still about 2 per cent away from its record intraday high after rising 1.7 per cent so far this week. But today's positive jobs data suggest that index will be quickly closing in on that record; more assuredly, the benchmark index should mark its biggest weekly rise since the start of this year. Overnight, Japan's Nikkei rallied 2.6 per cent, climbing for the seventh day in a row and reaching a fresh multi-year high as the yen fell against the U.S. dollar. The country released a revision to fourth-quarter gross domestic product to show an annual 0.2-per-cent increase, much better than last month's initial reading of a 0.4-per-cent contraction. It also said its current account deficit rose in January. Traders also absorbed more data from China overnight. Its exports rose 21.8 per cent in February, down slightly from January's 25 per cent but beating low expectations given that the period encompasses the Lunar New Year holidays, when manufacturers traditionally close. Imports plunged 13.8 per cent, but that was met with little concern because of the impact of the holidays. |
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| Deleted User | Mar 8 2013, 10:53 PM Post #5 |
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The economy is improving, regardless of the obstructionism and false claims by the right |
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| Thumper | Mar 8 2013, 10:55 PM Post #6 |
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Fire & Ice Senior Diplomat
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I hope the $Billions sitting on the sidelines starts flowing into the market. |
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| Mountainrivers | Mar 8 2013, 10:56 PM Post #7 |
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Fire & Ice Senior Diplomat
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Gosh, why am I not surprised that Ban would be negative...............again. |
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| Banandangees | Mar 8 2013, 11:05 PM Post #8 |
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Fire & Ice Senior Diplomat
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Well which is it MR? Is the media reporting inaccurately or is Obama preaching inaccurately about gaining/losing jobs? |
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| Banandangees | Mar 8 2013, 11:07 PM Post #9 |
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Fire & Ice Senior Diplomat
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What about Obama's claims? He has been preaching more gloom and doom that anybody. |
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| Mountainrivers | Mar 8 2013, 11:08 PM Post #10 |
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Fire & Ice Senior Diplomat
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There's that black and white thing again. Are you aware that things change? What's happening today can very well be turned around tomorrow if the spending cuts prove to be effective in slowing growth. |
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