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Laelth

(32,017 posts)

33. Investors expected the numbers to be worse. n/t

Reply to Bengus81 (Reply #29)

Fri May 8, 2020, 11:26 AM

May 2020

-Laelth

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Jobless rate soared to 14.7% in April as U.S. shed 20.5 million jobs amid coronavirus pandemic [View all] BumRushDaShow May 2020 OP

Right on time. From the source: mahatmakanejeeves May 2020 #1

I stayed on WaPo's front page and refreshed to try to grab it BumRushDaShow May 2020 #4

I'm waiting for the usual crowd to start up with the "I don't trust the numbers" chant. mahatmakanejeeves May 2020 #6

One of my sisters already texted that sentiment BumRushDaShow May 2020 #8

I have no doubt it's seasonally adjusted somehow. Hugin May 2020 #26

First time I have ever been sitting on the BLS website denem May 2020 #7

That's a shame. BumRushDaShow May 2020 #10

It's fun, isn't it? I don't mean this month's numbers, but the constant hitting of mahatmakanejeeves May 2020 #13

A trip down memory lane. denem May 2020 #19

"...brought employment to its lowest level since February 2011.." (?) Try June 1999, BLS. sandensea May 2020 #42

Looks right to me -- it's talking about the Establishment Survey's nonfarm payroll employment progree May 2020 #43

Yes - that's the one. Thank you. sandensea May 2020 #44

All's I "know" is from the summary and from the technical note .. progree May 2020 #46

Which is funny, b/c they usually use the Population Survey as the metric for emp/unemp data sandensea May 2020 #47

The BLS always presented it this way -- the Establishment Survey data for the number of jobs, and progree May 2020 #48

They were still cherry-picking. It's the lowest since 1999, not '2011' sandensea May 2020 #49

I don't think so. But again, if you can find something in the past progree May 2020 #50

I just gave it to you: The Statistical Abstract of the U.S. (as far back as you like) sandensea May 2020 #52

Then the survey size is of no importance? What the BLS reports on the sample size of the progree May 2020 #53

"When presidents crow about how "since taking office x million jobs have been created..." progree May 2020 #54

Interesting, nothing is available online after 2012, or at all? progree May 2020 #55

Interesting - the 2012 Statistical Abstract includes the Establishment Survey beginning progree May 2020 #56

Are we tired of winning yet? nt Atticus May 2020 #2

These are horrible numbers Gothmog May 2020 #3

And the DOW is up 300 points?!? They seeing a lot of good in 20M losing their jobs? Bengus81 May 2020 #29

The usual: "not as bad as expected", "the market is forward looking" blah blah progree May 2020 #32

Yep....highest unemployment since the Great Depression but Wall St. says..eh,could have been worse!! Bengus81 May 2020 #35

Investors expected the numbers to be worse. n/t Laelth May 2020 #33

We've been reading all day Thursday that 33 million have filed unemployment claims, and the week progree May 2020 #34

Quick....tell investors that the BLS is looking at unemployment numbers of 35% in June Bengus81 May 2020 #57

I agree, there will come a point when "horrible but not as bad as expected" no longer works n/t progree May 2020 #58

In line with expectations (15%) ? denem May 2020 #5

The highest since 1935 sandensea May 2020 #9

Links to charts and graphs from the BLS Twitter account: mahatmakanejeeves May 2020 #11

Anyone remember Trump claiming unemployment was "20 or even 30 percent" in 2016? sop May 2020 #12

HEY GOP ECONOMISTS WHO DON'T BELIEVE IN THE LABOR THEORY OF VALUE! bucolic_frolic May 2020 #14

Actually it's small business that is going to suffer, gab13by13 May 2020 #23

Don't defuse the post by changing the subject bucolic_frolic May 2020 #25

My post is about supply side trickle down economics, gab13by13 May 2020 #27

Easy enough for them to answer FBaggins May 2020 #24

Coronavirus costs the U.S. 20.5 million jobs in April, unemployment soars to 14.7% UpInArms May 2020 #15

The new Herbert Hoover is trump Gothmog May 2020 #16

Additional information: mahatmakanejeeves May 2020 #17

Reference week, April 12th through April 18th. denem May 2020 #18

That will be the next data he will hide or modify to suit his reelection. They're not quite... machoneman May 2020 #20

Additional links: mahatmakanejeeves May 2020 #21

Links to earlier reports: mahatmakanejeeves May 2020 #22

Not as bad as expected, according to MarketWatch's 15 economists. S&P 500 up 1.19%, Dow up 1.36% progree May 2020 #28

We'll probably never see the peak unemployment number in a jobs report mathematic May 2020 #30

Unemployment rate may be almost 5% higher than the reported 14.7%, says BLS in so many words: progree May 2020 #31

As always, look at the U6. maddogesq May 2020 #36

Here's the graph of the U-6 unemployment rate -- the broadest measure that BLS produces progree May 2020 #39

So, according to math... TXPaganBanker May 2020 #37

Winning Baby!!!! Yo_Mama_Been_Loggin May 2020 #38

wait for Trump to accuse the BLS of being the dreaded "deep state" conspiracists and.... steve2470 May 2020 #40

BLS cooking the books again for the Emperor Cryptoad May 2020 #41

"I will be the greatest jobs president that God has ever created," Trump, June 16th, 2015. usregimechange May 2020 #45

Lowest employment-to-population ratio in the history of the series (which goes back to 1948) progree May 2020 #51