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unlawflcombatnt Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-07-08 03:22 AM
Response to Original message
2. Effect of Employment Report on Markets
Review of the Housing Survey shows an sum total of -165K jobs have been lost during 2008, going from 146.211 million in December 2007 down to 146.046 million.

Despite the claims by the media that the oil price spike is the cause of the Dow's nearly 400-point loss, there was a sharp downturn at the market's opening at 9:30 AM, after the Employment Report came out at 8:30 AM.

Below is a link to a 2-day market chart showing the movement of several different market indexes and stocks:


Legend for the above chart:

XAU=Gold-Silver Index
XBD=Investment Brokers/Investment Banks
FNM=Fannie Mae
INDU=Dow Jones Industrial
TNX=Treasury, 10-year
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  -285 K jobs lost in May unlawflcombatnt  Jun-07-08 02:50 AM   #0 
  - Over a QUARTER OF A MILLION jobs in ONE MONTH!  gateley   Jun-07-08 03:07 AM   #1 
  - You should be  unlawflcombatnt   Jun-07-08 06:06 PM   #6 
  - Effect of Employment Report on Markets  unlawflcombatnt   Jun-07-08 03:22 AM   #2 
  - Make that  laylah   Jun-07-08 06:30 AM   #3 
  - Welcome To Stagflation...  KharmaTrain   Jun-07-08 06:52 AM   #4 
  - The huge bubbles created by Greenspan's accommodation of junior's  indepat   Jun-07-08 07:01 AM   #5 
  - Bailing out Rich Financiers  unlawflcombatnt   Jun-07-08 08:21 PM   #7 
     - 'cause then, some will trickle down to the little people  indepat   Jun-08-08 10:28 AM   #8 
  - How did I miss this yesterday? Kicking anyway. n/t  lumberjack_jeff   Jun-08-08 10:40 AM   #9 
  - 87 million Americans of working age are unemployed  leftofthedial   Jun-08-08 10:45 AM   #10 
  - no, not all working Americans are in the labor force  The Inquisitive   Jun-08-08 12:50 PM   #11 
  - I'm not talking about the technical definition.  leftofthedial   Jun-08-08 02:21 PM   #16 
  - 40% is a little high.  KillCapitalism   Jun-08-08 01:52 PM   #12 
  - Living in Michigan, I think most of the State runs at close to 40percent  sarcasmo   Jun-08-08 02:08 PM   #14 
  - 300 million people in the US. 100 million (plus) are kids and old folks and infirm.  leftofthedial   Jun-08-08 02:24 PM   #17 
  - That's not how unemployment has EVER been measured.  Zynx   Jun-08-08 02:11 PM   #15 
  - EVER?  leftofthedial   Jun-08-08 02:26 PM   #18 
     - Um, no. Never.  Zynx   Jun-08-08 02:45 PM   #19 
        - number of workers without jobs divided by total number of workers in the population?  leftofthedial   Jun-08-08 06:37 PM   #20 
        - From Wiki  leftofthedial   Jun-08-08 11:27 PM   #21 
  - In 2000 the employment to population ratio was 73%. Today it is 71%.  lumberjack_jeff   Jun-08-08 11:33 PM   #22 
  - Didn't Bush say it was because of all the high school graduates, LMFAO.  sarcasmo   Jun-08-08 02:06 PM   #13 

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