Payroll Turd Polishing

This is a discussion on Payroll Turd Polishing within the Economic & Fundamental Analysis forums, part of the Methods category; 293,000 of the 310,000 jobs may be only Temp jobs, is this helpful ? twiglet...

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Old Apr 6, 2004, 7:40am   #17
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293,000 of the 310,000 jobs may be only Temp jobs, is this helpful ?
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Old Apr 6, 2004, 10:01am   #18
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Probably government "Temp" employees
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Old Apr 6, 2004, 12:25pm   #19
 
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zigglewigler started this thread Greenspan Almighty! I am sick to frigging death with this economic spin. Economics and politics live in the same toilet. The Land of the Free to Lie hits its zenith.

US employment March 2004, the facts!

Nonfarm payroll up 308k, yet unemployment rate stays at 5.7%!

8.4 million without jobs, unchanged.

In March, the number of people who worked part time for economic reasons increased to 4.7 million. Either hours were cut or they couldn't find full-time jobs.

But get this, the real way to buff up a stinking turd. 1.6 million were 'marginally attached to the labour force', these people want jobs, had looked in the last year, BUT WERE NOT COUNTED AS UNEMPLOYED BECAUSE THEY HAD NOT LOOKED FOR WORK IN THE 4 WEEKS PRIOR TO THE JOB SURVEY.

514,000 'discouraged' workers, a subset of the 'marginal', didn't even bother to look for work as they believed there was no work out there for them. Currently forming an orderly queue at the end of the pier!

The 308k increase was in construction(a bubble pumped to explode), retail trade(yanks spending what they don't have, also waiting to explode), health care and social assistance(tax payers money funding employment the way the Soviets used to).

Manufacturing employment remained unchanged(real jobs that might help US actually make some money).

11,000 new jobs in the re-mortgaging business(hear the rumblings of a not-too-distant bang).

Oh, and the gov't adds another 31,000 pen pushers.

So all in all, a fantastic performance by America, now the idiots go marching off to the markets with this good news in their hands.

What could they do next for the Bush campaign? Here's a ludicrous idea, drop from the Dow some turkeys that are holding the index back and substitute them with some fly-by-night bull ****e businesses that are doing 'the right thing'.

What?... They are?!
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Old Apr 6, 2004, 12:49pm   #20
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Ziggy,
but apart from that was it basically good news ...LOL
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Old Apr 6, 2004, 12:58pm   #21
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"Manufacturing employment remained unchanged(real jobs that might help US actually make some money)."

Unchanged even tho' fast food workers were recently re-classified under manufacturing.
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Old Apr 6, 2004, 1:17pm   #22
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Guess we've just got to accept it. It's a big bad world out there - and we all know it.

Im as pi$$ed about it as anyone, but now I'm learning to let it pass me by. I'm not going to start going grey because of some jumped up filthy pigs from the land that God forgot. I've just got to learn to accept how the market takes the numbers - be they real or not. - then make ca$h from it.

Im just sitting back waiting for the $hit to hit the fan - AND IT WILL - because of all this manipulation. Then, I will be there, ready, with my finger on the button, ready to send my 500 lot into the market and add to the pain of these greedy pigs who are ruining the world.

Jesus loves you!
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Old Apr 6, 2004, 1:25pm   #23
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zigglewigler

I had cause to point out your cynicism earlier in this thread and note that you do not appear to have amended your ways.

It is time that you learned that political manipulating of the markets is all part of the democratic and non democratic way of the world and no amount of complaining is going to change that.

I suggest that you adopt the more fasionable approach to this type of data production and say what a good thing it is and look how the markets are improving etc, i'm sure you get the drift.

When things go wrong you then adopt the 'too far too soon' approach/ blame it on foreign speculators/ democrats/those who were not with us therefore were against us/the french etc.

So let's have no more of this negative un-patriotic talk, get on message and let the spin take the strain.

Regards

bracke

Last edited by bracke; Apr 6, 2004 at 1:47pm.
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Old Apr 6, 2004, 1:25pm   #24
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BBB,
"add to the pain of these greedy pigs who are ruining the world"....but apart from that are they basically decent sorts you could have a drink with after the game.. ....LOL
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