General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUnemployment 6.3% jobs 288K - better than predictions
That 6.3% is the lowest since 2008.
Great news for Dems.
spanone
(135,900 posts)k&r...
malaise
(269,219 posts)spanone
(135,900 posts)i'm sure the right will find all kinds of fault with it!!
malaise
(269,219 posts)to Obamacare.
Fugg the ReTHUGs
JoePhilly
(27,787 posts)malaise
(269,219 posts)geckosfeet
(9,644 posts)economic news - and they climb on poor news.
JoePhilly
(27,787 posts)During the same period, the DOW is up from 9700 at the end of Oct 2009, to about 16,000 now.
geckosfeet
(9,644 posts)JoePhilly
(27,787 posts)geckosfeet
(9,644 posts)I'd call that tanked.
JoePhilly
(27,787 posts)... investment advice from you if you think today's market results should be classified as "tanking".
geckosfeet
(9,644 posts)DesMoinesDem
(1,569 posts)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
(9,644 posts)I think most brokerages have that eventuality priced in now.
DCBob
(24,689 posts)I have not been listening to Faux this morning but I bet im right.
sharp_stick
(14,400 posts)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
(1,348 posts)So no surprise Fox would try to do the same.
Romulox
(25,960 posts)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
(666 posts)MohRokTah
(15,429 posts)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.