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  • The Employment Situation -- February 2024

    From bls.gov

    Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in government, in food services and drinking places, in social assistance, and in transportation and warehousing. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and ... (full story)

Added at 8:34am

  • Economy beat expectations with 275,000 jobs in February

    From washingtonexaminer.com

    The economy again beat expectations in February and added 275,000 jobs, the Bureau of Labor Statistics, reported Friday, a sign the labor market is retaining momentum early in the year. The unemployment rate rose to 3.9%. Notably, the unemployment rate remains low by historical standards. The job growth is boost for the White House, which has been working to credit President Joe Biden for the strong job creation over the past year, characterizing the underlying strength of the labor market and broader economy as “Bidenomics” in action. Job gains have been much larger than expected to end 2023 and begin 2024, ... (full story)

Added at 8:44am

  •  Guest
  • | IP XX.XX.142.179
Why does anyone care about this release ?? Last months release was 359,000 .. is now adjusted down to 229,000. Released numbers are not even close to accurate.
US real picture came out finally. NFP decreased from previous job growth, Hourly rate declined and Unemployment increased. Very bad situation for a high increasing FED rate. Immediately, need fed rate cut. No way. Gold may break out 2022.
News is just for entertainment purposes... Numbers were cooked for reelection purposes... Everyone knows this
This is nowhere near what it actually is. These numbers look bad but I'm sure it's worse.
Inflation has won against rate cut again.
While the NFP figure initially caused the knee-jerk reaction in favor of the US dollar, that quickly reversed as average hourly earnings was digested. A dovish sign in terms of inflation and that's where all the focus remains.

Key takeaways:

Nonfarm payroll employment rose by 275,000 in February, indicating positive job growth. Here's where the gains stood out most:
- Healthcare employment continued to grow, adding 67,000 jobs.
- Government employment increased by 52,000 jobs.
- Food services and drinking places added 42,200 jobs.
- Transportation and warehousing jobs rose significantly, by 20,000 jobs.

Average hourly earnings for all employees slightly increased by 5 cents to $34.57 (0.1% vs 0.2% forecast), and last month's was revised lower. This suggests wage growth, albeit modest, and this is what's hitting the US dollar.

3.9% unemployment rate suggests the number of people actively looking for work also increased.

Household Survey Data showed the number of unemployed individuals rose by 334,000 to 6.5 million. There was also a notable increase in permanent job losers and individuals on temporary layoff.

Long-term unemployed individuals (those jobless for 27 weeks or more) accounted for 18.7% of the unemployed.

The employment figures for December and January were revised down, suggesting that previous reports were somewhat overestimated.
We must learn who is gold, and who is gold plated
EventsTrader Live Return This Year: na
Bullish day for USD?
Quoting Conkhr
Bullish day for USD?
What you smoking? I have no idea but my initial thought would be no. But then again, you never know whats baked in by the traders.
Quoting Conkhr
Bullish day for USD?
Under the toilet. Long sell USD
Quoting Conkhr
Bullish day for USD?
No... Lower (*perceived) inflation = potential earlier rate cut = dovish for USD. After the initial USD spike higher it reversed and headed lower.
We must learn who is gold, and who is gold plated
EventsTrader Live Return This Year: na
Biden cooks the books on these numbers. Last month 359K revised down to 239K. That is 130K revision. Simply moved those jobs to this month. Take a look next month, and you will see another correction.
Quoting Ryder
Biden cooks the books on these numbers. Last month 359K revised down to 239K. That is 130K revision. Simply moved those jobs to this month. Take a look next month, and you will see another correction.
Its disgusting! But expect it to carry on until November. What awaits after November only god knows.
Ok to everyone replying to me (don’t know how to quote you guys yet) THATS what I was assuming thanks for the confirmation, in the past I’ve doubted myself and blew some accounts. I’m getting better though!
Quoting Banditten
{quote} Its disgusting! But expect it to carry on until November. What awaits after November only god knows.
I can tell you if Trump wins then the real numbers come out and you find out just how bad everything really is and somehow the Media will blame him for it.
Quoting woody70
{quote} I can tell you if Trump wins then the real numbers come out and you find out just how bad everything really is and somehow the Media will blame him for it.
Hahahaha you are right.
  •  Guest
  • | IP XX.XXX.125.78
Quoting ryder
biden cooks the books on these numbers. Last month 359k revised down to 239k. That is 130k revision. Simply moved those jobs to this month. Take a look next month, and you will see another correction.
10 of last 12 months were revised lower
Quoting woody70
{quote} I can tell you if Trump wins then the real numbers come out and you find out just how bad everything really is and somehow the Media will blame him for it.
How soon we forget? First jobs report after Trump took office and the numbers were still good as in Obama's term, which Trump was calling a hoax, and Trumps mouthpiece in the press conference said the President believes the numbers.

You guys are a right trip and that is how people like Trump get elected. Selective memories and easily manipulated by delusional beliefs.
Quoting EventsTrader
{quote} No... Lower (*perceived) inflation = potential earlier rate cut = dovish for USD. After the initial USD spike higher it reversed and headed lower.
You can sure sell the Canadian dollar all the way down the toilet after today.
Quoting Guest
{quote} 10 of last 12 months were revised lower
"Experts"
Its friday so you know what time it is. New all time high for the Nasdaq
Here is what I remember under Trump:
1. US Oil Independent -- making money on oil, and combat the deficit.
2. Speaking of Oil, oil under $40/Brl. Russia didn't have any money to attack Ukraine.
3. Again, oil under $40/Brl, Iran doesn't have any money to wage war.
4. Abraham Accords -- Middle East at peace. Thanks to Jared Kirshner, Mike Pompeo and Donald Trump.
5. Southern Border controlled -- no illegal immigration.
6. NATO members paying their far share. Why should US foot the bill to keep Europe out of war?
7. China paying loads of tariffs.
8. Crazy Kim quite.
9. Economy booming until Covid hit. Then record vaccines to combat Covid.
10. Record employment for minorities.
11. Everybody feeling good about America again. Business leading the way.
Quoting enarco
{quote} How soon we forget? First jobs report after Trump took office and the numbers were still good as in Obama's term, which Trump was calling a hoax, and Trumps mouthpiece in the press conference said the President believes the numbers. You guys are a right trip and that is how people like Trump get elected. Selective memories and easily manipulated by delusional beliefs.
The only thing I didn't forget was how Good America was under Trump than how bad it is now. You can try to sugar coat it how every you want America is better off with Trump if thats our only two choices.
Quoting Ryder
Here is what I remember under Trump: 1. US Oil Independent -- making money on oil, and combat the deficit. 2. Speaking of Oil, oil under $40/Brl. Russia didn't have any money to attack Ukraine. 3. Again, oil under $40/Brl, Iran doesn't have any money to wage war. 4. Abraham Accords -- Middle East at peace. Thanks to Jared Kirshner, Mike Pompeo and Donald Trump. 5. Southern Border controlled -- no illegal immigration. 6. NATO members paying their far share. Why should US foot the bill to keep Europe out of war? 7. China paying loads of tariffs. 8....
Delusional as I say. I am no Biden promoter but to say what you are saying is just not reality. No illegal immigration? Oil at $40 a barrel? In the last 1.5 years of Obama Oil went from over 100 to $26 when Trump took over. It then went from 26 to 77.90 per barrel from 2016 to Last Q of 2018. That is a fact. Its on a chart if you had the aptitude to look it up. In 2017 there were 607k illegal crossings. In 2018 717k. In 2019 1.175k crossings of the southern border. Its all there right if you look for the data. Biden is a bumbling fool and Trump is a bumbling fool. But at least understand what it is you fight for before putting it down as some fact.
Quoting Vancarbon
{quote} Is there really a great deal of difference between Trump or Biden if you’re looking at the “honesty “ variable . I can’t see there is , to be honest. I see a lot of champagne socialists like Pelosi riding the capitalist system for all its worth , not sure she or many senators per se having the democrat label and actually trying to make a fairer more equal society for the working classes. By its very definition , it’s a gravy train for the whole lot of them Trump , actually tried to keep out of wars , that’s quite unique for a president
Its pretty hard to debate when you actually think that your president is that powerful in the world. Maybe his slack attitude to confrontation just set things up to where they are now. Trump is a rambling bumbling fool like Biden. They are both old men well past their prime. Trump is like an evangelical nutcase. Biden just bubbles along. Biden has been in the seat for 4 years.... any problem with N Korea? So if Trump was in power the Hamas militants would not have made the strike on Isreal? There is an alternate reality going on here and your comments are evident.
Don't worry everything is great in the US!

Afterall, Biden said so in last night's "State of Confusion" address.
Pride always comes before destruction.... -Proverbs 16:18
Quoting Vancarbon
{quote} Wooh fella! You’re ranting , so don’t even try debating. Don’t jump to conclusions. You’re going off on a tangent and waxing lyrical without saying anything except clarifying what I said , regarding differences . Secondly, regarding Hamas/Israel your comment is supposition , so if it’s alternate reality then look in the mirror . I talk facts , not supposition . He’s not my president, thank goodness , neither is Biden even greater sigh of relief , hence my comment . You’re barking up the wrong tree...
To think Trump would have been responsible for Hamas not doing what they did is ridiculous and pretentious.

It must be quite incredible to know peoples emotions from written words.

50% of americans who vote disagree with just about everything you folks are pretty positive on.

Have a good day and weekend.
Quoting Conkhr
Ok to everyone replying to me (don’t know how to quote you guys yet) THATS what I was assuming thanks for the confirmation, in the past I’ve doubted myself and blew some accounts. I’m getting better though!
Here's how:
1) Go to the Comment that you want to quote
2) On the top bar of the comment entry, you will see, from L to R:
A) The 'Name' of the person who made the comment, then
B) The Date/Time stamp of when the comment was made, then
C) A Box containing the following, in BLUE Text: "Quote.
3) Click that Box, containing the BLUE Text, "Quote, and
4) It will automatically open a new Comment Window for you to start writing in.
Quoting Conkhr
Bullish day for USD?
ah buddy sometimes in fx good news from u.s can be a bad news for the u.s dollar and bad news from the u.s docket can be good news for the u.s dollar.The bottom line is sink ur teeth deep on technical part of fx you will understand why good news from the u.s docket became a bad news u.s dollar today.
You guys should all listen to this for a realistic take on US politics and the effect on market

https://www.forexfactory.com/news/12...-election-year
DODGERS World Series Champions '24 !!!! YESSSS
Quoting enarco
{quote} Its pretty hard to debate when you actually think that your president is that powerful in the world. Maybe his slack attitude to confrontation just set things up to where they are now. Trump is a rambling bumbling fool like Biden. They are both old men well past their prime. Trump is like an evangelical nutcase. Biden just bubbles along. Biden has been in the seat for 4 years.... any problem with N Korea? So if Trump was in power the Hamas militants would not have made the strike on Isreal? There is an alternate reality going on here and...
I think somebody once said "you ate entitled to your own opinion but not your own facts".

I have no idea how amerikanske feel. But for me Biden is wayvtoo old andvthe demokrats failed big time. But Trump, is he trustworthy? Well for me the answer is no and I dont see him as the answer to out prayers.
Quoting enarco
{quote} Delusional as I say. I am no Biden promoter but to say what you are saying is just not reality. No illegal immigration? Oil at $40 a barrel? In the last 1.5 years of Obama Oil went from over 100 to $26 when Trump took over. It then went from 26 to 77.90 per barrel from 2016 to Last Q of 2018. That is a fact. Its on a chart if you had the aptitude to look it up. In 2017 there were 607k illegal crossings. In 2018 717k. In 2019 1.175k crossings of the southern border. Its all there right if you look for the data. Biden is a bumbling fool and...
The Dip is Trump. Obama never saw oil under $50. Could do another pic for immigration,. Same deal. You need to go out and get yourself laid.
Attached Image (click to enlarge)
Click to Enlarge Name: OIL HISTORY.png Size: 52 KB
Quoting Ryder
{quote} The Dip is Trump. Obama never saw oil under $50. Could do another pic for immigration,. Same deal. You need to go out and get yourself laid. {image}
You do understand how to read a calendar? When did Trump take office? When does a president take office? And even then Oil under $40 with Trump? You see it right there. You said oil under $40 with Trump. Its just not correct. As for the numbers Its from the immigration department during Trumps time. But I guess that must be some conspiracy internally against him right? Either way the employment numbers were the same when Trump took over and the mouthpiece said Trump believed the numbers the first month they came out but obviously said they were a hoax every month before. It was a slight right by Trump knowing it was a bunch of his jib jab previous. Biden is a bumbling fool. So is Trump.
Quoting woody70
{quote} The only thing I didn't forget was how Good America was under Trump than how bad it is now. You can try to sugar coat it how every you want America is better off with Trump if thats our only two choices.
it was so great under trump everyone was afraid to leave their house cause of covid LOL

and the imbecile was telling people to drink bleach and take horse medicines
TDS is a beautiful thing Halbot
Quoting Ryder
{quote} The Dip is Trump. Obama never saw oil under $50. Could do another pic for immigration,. Same deal. You need to go out and get yourself laid. {image}
you mean the dip where oil fell below 0 and went negative cause of covid LOL
TDS is a beautiful thing Halbot
Quoting Zebi
{quote} it was so great under trump everyone was afraid to leave their house cause of covid LOL and the imbecile was telling people to drink bleach and take horse medicines
Well I wasn't afraid to leave my house and that horse medication that you talk about saved my life when the doctors tried to admit me to the hospital and put me on a ventilator. I went and got a second opinion and two days later I was back to almost 100%. I guess you were afraid to leave your house because you believe the News. No real man watches The View anyway.
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