Unemployment 6.3% jobs 288K - better than predictions

[malaise]

That 6.3% is the lowest since 2008.

Great news for Dems.

[spanone]

1. great minds!!!! beat me by a minute!

k&r...

[malaise]

3. We do that all the time

[spanone]

4. this is good news!

i'm sure the right will find all kinds of fault with it!!

[malaise]

6. I'm betting that some of these jobs are linked

to Obamacare.

Fugg the ReTHUGs

[JoePhilly]

2. Jobs-gahazi!!!!!

[malaise]

7. Hearings next week

[geckosfeet]

5. Good news. Now watch the markets tank. They always seem to do that with good

economic news - and they climb on poor news.

[JoePhilly]

9. Unemplyment is down from about 10.2% in Oct 2009 to 6.3% in May 2014.

During the same period, the DOW is up from 9700 at the end of Oct 2009, to about 16,000 now.

[geckosfeet]

14. Yes. And the major indexes are shrugging thier shoulders today.

[JoePhilly]

15. So not "tanking".

[geckosfeet]

17. Oh look. All three majors indexes closed lower today.

I'd call that tanked.

[JoePhilly]

18. Clearly no one should be taking ...

... investment advice from you if you think today's market results should be classified as "tanking".

[geckosfeet]

19. I'll send them to you - you seem pretty sharp. Hows that?

[DesMoinesDem]

11. The markets currently only trade on what the fed will do.

The markets are only going up because of QE. Bad news means QE will continue. Good news means that QE could come to an end, but everyone knows QE can never be stopped because the economy is actually horrible, so even then the markets eventually go up. Bad news is good, good news is good. The only goal of the Fed is to make the stock market go up. It works until it crashes again.

[geckosfeet]

13. Yep. Everytime there is/was talk about scaling back QE the indexes would tank.

I think most brokerages have that eventuality priced in now.

[DCBob]

8. Faux: Obama cooking books to help Dems in the elections.

I have not been listening to Faux this morning but I bet im right.

[sharp_stick]

10. Probably not a bad bet

I remember those scumbags trying that line in 2008 or 2011 or maybe both. IIRC that POS Issa actually had some of his phony hearings on the matter.

[LordGlenconner]

20. Hell, there are trolls here trying to make chicken shit out of chicken salad

So no surprise Fox would try to do the same.

[Romulox]

12. Here's the REAL reason: "the labor force shrunk because more people left.”

“The part that is a little less positive is this apparently wonderful story on the unemployment rate gong to 6.3% from 6.7%,” added North. “If you look at the changes in the labor force there are 700,00 more unemployed, in other words the labor force shrunk because more people left.” This is why the unemployment rate should be take with a grain of salt, he says, and why the Fed has shifted away from quantitative interest rate guidance to qualitative.

http://www.forbes.com/sites/samanthasharf/2014/05/02/jobs-report-u-s-economy-added-288k-jobs-in-april-unemployment-down-to-6-3/

[rudolph the red]

16. +10000

[MohRokTah]

21. I guarantee you, a portion of those who left the job market did so because of Obamacare.

No longer being tied to the corporate servitude for some form of a healthcare benefit, many are leaving the job market in order to pursue entrepreneurial opportunities.