195,000 New Jobs Beats Expectations

[Jordan]

The economy added 195,000 new jobs in June, beating economists' expectations of 155,000 jobs and matching the revised pace from May. Meanwhile, the unemployment rate remained unchanged at 7.6%.

Spring hiring was also stronger than previously thought. The number of jobs created in April was revised up by 50,000 positions, while May was revised higher by 20,000 jobs.

http://money.cnn.com/2013/07/05/news...ort/index.html

Gold took a smack on the news. Down nearly 3%. The 10-year US Treasury up to 2.7% because the good times are back.

[jllundqu]

Hooray! Happy times are here again! I'm selling all my gold and plan on becoming a debt slave so I can 'fit in' with the rest of Murica!

[squarepusher]

recovery is here finally.

[kathy88]

Wow. I can stop worrying now. What a relief.

[Acala]

I don't suppose it matters that those were PART TIME jobs? Full time jobs crashed by 240,000 in June.

http://www.zerohedge.com/news/2013-0...-plunge-240000

[kathy88]

I don't suppose it matters that those were PART TIME jobs? Full time jobs crashed by 240,000 in June.

http://www.zerohedge.com/news/2013-0...-plunge-240000

Stop with your blatant propoganda. We are in a recovery, duh.

[Kotin]

http://money.cnn.com/2013/07/05/news...ort/index.html

Gold took a smack on the news. Down nearly 3%. The 10-year US Treasury up to 2.7% because the good times are back.

LOL wut?

"the good times are back"

honestly, that is one of the dumbest $#@!ing things I have heard lately.

great to see you show up once every couple months to post one bull$#@! article to try to prove that the markets are fine and talk as if everyone on the forum is crazy.

LOL @ You.

[angelatc]

DH has a new job, and while they haven't announced it, their Part Time with Benefits classification is going away. Some of the key people will be offered full time positions, but the rest of them will be losing their benefits, because the cost of insurance is crippling the company.

[oyarde]

And what , 343,000 new unemployment claims ? Right on schedule.Check back about endof Jan, unemployment probably rising by then .

[Jordan]

LOL wut?

"the good times are back"

honestly, that is one of the dumbest $#@!ing things I have heard lately.

great to see you show up once every couple months to post one bull$#@! article to try to prove that the markets are fine and talk as if everyone on the forum is crazy.

LOL @ You.

There's a very obvious perception gap between this forum and the outside world. Everyone I've talked to off the internet is extremely optimistic. People are buying homes, new cars, and making and saving more money. People are deleveraging, too, by paying off high interest debt and refinancing expensive debt balances. Business owners report renewed consumer spending even though gas is nearing $4 a gallon in much of the United States. Remember when restaurants would empty at the first sight of $4 gasoline? I do. That's not the case any more.

Here, you'd think we're in a depression. Sure, things are not perfect. The government's incessant stupidity goes on. A college education is no longer an instantaneous gateway to a career. Job listings are scant - you have to know someone. But the world isn't crumbling apart. Things are better in 2013 than 2009. You have to admit that.

It seems many here enjoy the wish of bad times. It's like people want a crisis. RPF is seemingly fueled by chaos and a lack of order. There's no point in wishing for a terrible tomorrow, as Econ & Sound Money loves to do. Embrace positivity - life is short.

Thanks for the neg rep. Gave you some green so you can put a smile on today.

[Kotin]

There's a very obvious perception gap between this forum and the outside world. Everyone I've talked to off the internet is extremely optimistic. People are buying homes, new cars, and making and saving more money. People are deleveraging, too, by paying off high interest debt and refinancing expensive debt balances. Business owners report renewed consumer spending even though gas is nearing $4 a gallon in much of the United States. Remember when restaurants would empty at the first sight of $4 gasoline? I do. That's not the case any more.

Here, you'd think we're in a depression. Sure, things are not perfect. The government's incessant stupidity goes on. A college education is no longer an instantaneous gateway to a career. Job listings are scant - you have to know someone. But the world isn't crumbling apart. Things are better in 2013 than 2009. You have to admit that.

It seems many here enjoy the wish of bad times. It's like people want a crisis. RPF is seemingly fueled by chaos and a lack of order. There's no point in wishing for a terrible tomorrow, as Econ & Sound Money loves to do. Embrace positivity - life is short.

Thanks for the neg rep. Gave you some green so you can put a smile on today.

there is so much fail in what you just said.

[tod evans]

DHS,FBI, ATF,FBI, and of course Wal-Mart and McDonalds!

Yippie...

[oyarde]

There's a very obvious perception gap between this forum and the outside world. Everyone I've talked to off the internet is extremely optimistic. People are buying homes, new cars, and making and saving more money. People are deleveraging, too, by paying off high interest debt and refinancing expensive debt balances. Business owners report renewed consumer spending even though gas is nearing $4 a gallon in much of the United States. Remember when restaurants would empty at the first sight of $4 gasoline? I do. That's not the case any more.

Here, you'd think we're in a depression. Sure, things are not perfect. The government's incessant stupidity goes on. A college education is no longer an instantaneous gateway to a career. Job listings are scant - you have to know someone. But the world isn't crumbling apart. Things are better in 2013 than 2009. You have to admit that.

It seems many here enjoy the wish of bad times. It's like people want a crisis. RPF is seemingly fueled by chaos and a lack of order. There's no point in wishing for a terrible tomorrow, as Econ & Sound Money loves to do. Embrace positivity - life is short.

Thanks for the neg rep. Gave you some green so you can put a smile on today.

I am fine myself Jordan , but many others are not , nor will they be , what we have here , looks to be permanent stagnation until the next downturn.Just my guess.I really see nothing to be optimitic about .Big Govt has finally taken enough away , created enough obstacles that it cannot heal itself.

[oyarde]

If you want to look at things that really matter for the future , I would start with the amount of people actually working full time in comparison with the remainder of the population , I would look at the number of weekly unemployment claims etc .I would look at thenumber of people entering the work force ea yr.I think this will give a better look than how many new cars are sold . I have bought new cars , tentatively plan to buy one more in 2019 and then never again.

[Jordan]

there is so much fail in what you just said.

You've encountered RPF's negativity in real life? Where?

[Acala]

There's a very obvious perception gap between this forum and the outside world. Everyone I've talked to off the internet is extremely optimistic. People are buying homes, new cars, and making and saving more money. People are deleveraging, too, by paying off high interest debt and refinancing expensive debt balances. Business owners report renewed consumer spending even though gas is nearing $4 a gallon in much of the United States. Remember when restaurants would empty at the first sight of $4 gasoline? I do. That's not the case any more.

Here, you'd think we're in a depression. Sure, things are not perfect. The government's incessant stupidity goes on. A college education is no longer an instantaneous gateway to a career. Job listings are scant - you have to know someone. But the world isn't crumbling apart. Things are better in 2013 than 2009. You have to admit that.

It seems many here enjoy the wish of bad times. It's like people want a crisis. RPF is seemingly fueled by chaos and a lack of order. There's no point in wishing for a terrible tomorrow, as Econ & Sound Money loves to do. Embrace positivity - life is short.

Thanks for the neg rep. Gave you some green so you can put a smile on today.

I have never been happier than I am right now, thanks. But not because I am a fool. Government at every level in this country (and most of the world) has borrowed money it can never repay and made very expensive promises upon which millions of people are relying but which will never be kept. There are two possible results - outright massive default and default through inflationary destruction of the dollar. Take you pick. The result will ultimately be more or less the same.

If you disagree with this, please walk me through the math. We will have a $20 trillion outright debt by the time Obummer is done. And we are conservatively $70 trillion underfunded in the SS and medicare programs. All told, we are easily in the red $100 trillion dollars. How are you going to pay for that, bro?

You can dance on the deck all you want, but there is still a breach in the hull.

[Dr.3D]

195,000 new government jobs? Oh boy.

[oyarde]

Let us review , say you get 200,000 jobs in a month and 200,000 or 300, 000 unemployment claims ea week, unemployment never changes ....... how does the math work on that ? Ahh , they will say , people are not looking so they do not count ... none of that changes the fact that there can never be enough tax revenue to prop up the massive socialist state. This only ends one way , best I can tell .....

[Natural Citizen]

LOL wut?

"the good times are back"

honestly, that is one of the dumbest $#@!ing things I have heard lately.

great to see you show up once every couple months to post one bull$#@! article to try to prove that the markets are fine and talk as if everyone on the forum is crazy.

LOL @ You.

I thought I was the only one that noticed that. I finally stopped wasting my time with him a while back.

[MRoCkEd]

But the world isn't crumbling apart. Things are better in 2013 than 2009. You have to admit that.

It seems many here enjoy the wish of bad times. It's like people want a crisis. RPF is seemingly fueled by chaos and a lack of order. There's no point in wishing for a terrible tomorrow, as Econ & Sound Money loves to do. Embrace positivity - life is short.

Remember "Pessimism Porn"?

As in real porn, there’s also a thrill in surreptitiously connecting with fellow users, like the guy standing at the periphery of the kid’s birthday party, glassy-eyed from another crushing week at the office. The subject of gold is a good icebreaker. If you’ve chosen your mark properly, you’ll soon be swapping advice on techniques for securing your own gold bars.

Like real porn, the economic variety gives you the illusion of control, and similarly it only leaves you hungry for more. But econo-porn also feeds a powerful sense of intellectual vanity. You walk the streets feeling superior to all these heedless knaves who have no clue what’s coming down the pike. By making yourself miserable about the frightful hell that awaits us, you feel better. Pessimism can be bliss too.

[dannno]

Are these the new armed IRS agents for Obamacare?

[Madison320]

http://money.cnn.com/2013/07/05/news...ort/index.html

Gold took a smack on the news. Down nearly 3%. The 10-year US Treasury up to 2.7% because the good times are back.

I thought you were being sarcastic until I read one of your replies. Our economy is in much worse shape then in 2009 because of the added debt. You are right about interest rates going up but not because of good times. Interest rate are going up because "good" economic news = tapering of QE. The only problem is that as soon as rates go up the economy is going to crash from all the debt.

[Seraphim]

Thank you.

I saw Jordan posted this and IMMEDIATELY had this article pop up in my mind.

Full time jobs are down and manufacturing jobs are down.

Up? Part time waiters and bartenders.

I don't suppose it matters that those were PART TIME jobs? Full time jobs crashed by 240,000 in June.

http://www.zerohedge.com/news/2013-0...-plunge-240000

[seraphson]

There's a very obvious perception gap between this forum and the outside world. Everyone I've talked to off the internet is extremely optimistic. People are buying homes, new cars, and making and saving more money. People are deleveraging, too, by paying off high interest debt and refinancing expensive debt balances. Business owners report renewed consumer spending even though gas is nearing $4 a gallon in much of the United States. Remember when restaurants would empty at the first sight of $4 gasoline? I do. That's not the case any more.

Here, you'd think we're in a depression. Sure, things are not perfect. The government's incessant stupidity goes on. A college education is no longer an instantaneous gateway to a career. Job listings are scant - you have to know someone. But the world isn't crumbling apart. Things are better in 2013 than 2009. You have to admit that.

It seems many here enjoy the wish of bad times. It's like people want a crisis. RPF is seemingly fueled by chaos and a lack of order. There's no point in wishing for a terrible tomorrow, as Econ & Sound Money loves to do. Embrace positivity - life is short.

Thanks for the neg rep. Gave you some green so you can put a smile on today.

And with considering ABCT (Austrian Business Cycle Theory, because lets face it, the fundamentals are the same) there's no point in getting your hopes up in the boom phase of yet another cycle.