Of What Are These Job Numbers A Sign?

U.S. Payrolls Grew 244,000 in April; Unemployment at 9%
The U.S. economy added more jobs than forecast in April, easing concern that higher fuel prices are slowing the economic recovery.

Payrolls increased by 244,000 workers last month, the biggest gain since May 2010, after a revised 221,000 gain the prior month, the Labor Department said today in Washington. Economists projected an April rise of 185,000, according to the median estimate in a Bloomberg News survey. Employment excluding government jobs jumped the most in five years. The jobless rate rose to 9 percent, the first increase since November.

More jobs and rising wages may give households, whose spending accounts for 70 percent of the economy, the means to overcome the highest gasoline prices in almost three years. Federal Reserve Chairman Ben S. Bernanke and some of his colleagues have signaled they plan to forge ahead through June with record monetary stimulus to bolster the expansion.

" href="http://www.chartoftheday.com/">Chart of the Day":


From Elliott Wave International:

o Fed chief predicts economy will rebound despite housing woes (AP)
o IMF predicts an energetic world economy (StarTribune.com)
o World economy in robust health despite US slowdown(Agence France-Presse)
o US Treasury says economy strong...‎ (Reuters)
o Job Growth Strengthens Economy (Washington Post)
o Several Signs the Economy Is Reviving (New York Times)

All these headlines published in April through July of 2007.

Comments

  1. Priceless, the 2007 part that is!

    ReplyDelete
  2. Why not give your mother $66,000,000 for this mother's day, after all she put up with you.
    Here's how
    -------------------------------------------------------------------------
    Here is a spreadsheet, created by a member at Breakpoint Trades, modified by me with some stats on the lower left.
    Since 1995, there were 140 long entries (and of course 140 closing sells)
    there were 74 short sells (and of course 74 buy to cover)
    The average calender day trade period was just under 28 days
    If using ULPIX Profunds 2X long, and URPIX Profunds 2X short, which can only be opened or closed at end of day--

    $10,000 turns into $66,000,000 (compounding the earnings)
    But if you "miss" and can't get the order to your
    broker on the signal day, and instead you buy or sell the next day, then
    the performance drops terribly, to a shabby $49,000,000. :-)

    Interesting?

    Check out the data here:
    http://oahutrading.blogspot.com/

    ReplyDelete

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