Open Thread

“The fact that you’re currently in Arizona.”

Snort!

re statistics, there are the ones everyone hears in the headlines, and there are the ones that lie underneath. If the 37k jobs created (much less than expected) was the only news, market would have tanked. Normally in a recovery yes the unemployment rate goes up as the economy strengthens which sucks long term unemployed back into the ranks of lookers. But here we have two sharp drops in a row even tho economy clearly strengthening rapidly. Why is this time different?

Because the job creation numbers are not agreeing with the household surveys of employment.

From AP, a few mins ago:
“The unemployment rate dropped sharply last month to 9 percent, based on a government survey that found that more than a half-million people found work. A separate Labor Department survey of company payrolls showed 36,000 net jobs created — barely a quarter of the number needed to keep pace with population growth.”

“It is clear that the drop in unemployment reflected more jobs being added, not a drop in the labor force,” said Nigel Gault, chief U.S. economist at IHS Global Insight.”

Never underestimate what the markets are telling you. We are at a 2-1/2 year high even with Egypt in turmoil. Almost all numbers from confidence to retail sales to household employment to corporate earnings surprise on the upside monthly.

I think DCB called it not too long ago, and I agree. It is quite possible that unemployment will drop much faster than is expected, and it looks like it has started.

If unemployment drops below 7% in the next year or so Tea Party sucks ass and Obama gets re-elected.

Benson, fact you cant even get wife to move to bay ridge. you can kiss your arizona dreams good bye.

“Can someone remind again about what is so great about NYC?”

Being near the talent, if that kind of thing matters to you. It should only real matter to you if:

1. You have real talent you are developing and need to be around certain kinds of people to do that, or

2. You don’t have any real talent but your sense of self-worth is wrapped up in being around people with real talent, kind of like women who hang around backstage and give blowjobs to rock stars.

If you don’t fit in either category you might as well move. Frankly, if you fit in the second category you deserve the shittiness and stress of NYC.

quote:
Can someone remind again about what is so great about NYC?

it’s the greatest place in the entire country to be a hater.

*rob*