NFP: any opinions on this?

[DRumsfeld2000]

http://www.zerohedge.com/article/nfp...9-unemployment

They seem to be playing around with the participation level again.

[charliebrown]

Re: NFP: any opinions on this?

Actually I think this is a good report.

Don't look at the U rate, because they mess around with both sides of the fraction (number out of work) / (number of eligable workers)

Look at the employment to population ratio, and the actual number of people employed, and the average weekly salary.
All numbers up y-o-y and m-o-m. Note super, but not falling. Obviously to be meaning full this trend must continue on for a long time.

[lektrode]

Re: NFP: any opinions on this?

Actually I think this is a good report.

Don't look at the U rate, because they mess around with both sides of the fraction (number out of work) / (number of eligable workers)

Look at the employment to population ratio, and the actual number of people employed, and the average weekly salary.

better than nuthin, i guess, but ref'g the ZH post we see the 'real economy' is just limpin/sputterin along - that is to say that if one isnt spinning a yarn, or grinding an axe:

leisure and hospitality continued to increase in April (+46,000). Over the past 3 months, this industry added 151,000 jobs, with nearly two-thirds of the growth in food services and drinking places.

[uh huh, with most of em being min-wage or _tipped_ workers = better than starving and easy to get hired/fired jobs]

Employment in both state government and local government continued to trend down, with April losses concentrated in the non-educational components.

Elsewhere in the service-providing sector, employment in information, financial activities, and transportation and warehousing changed little
in April.

In the goods-producing sector of the economy, manufacturing employment rose by 29,000 in April. Since reaching an employment low in December 2009, manufacturing has added 250,000 jobs, including 141,000 in 2011. Over the month, employment growth continued in machinery (+5,000), primary metals (+4,000), and computer and electronic products (+4,000).

[REAL jobs that pay _real_ money, only question is: if they arent temps and how long will they get to keep em]

Mining added 11,000 jobs in April. More than half of the gain occurred in support activities for mining. Since a recent low point in October 2009, employment in mining has increased by 107,000.

[that might be about to take a dip?]

Construction employment was about unchanged in April. This industry has shown little net movement since early 2010, after having fallen sharply during the prior 3 years.

[the REAL story, for with no uptick here, its hard to see any improvement for the millions of guys sitting on the sidelines = it hasnt been called the 'mancession' for nuthin]

The average workweek for all employees on private nonfarm payrolls remained at 34.3 hours in April. The manufacturing workweek for all employees, at 40.4 hours, also was unchanged over the month, while factory overtime increased by 0.1 hour to 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged in April at 33.6 hours. (See tables B-2 and B-7.)

In April, average hourly earnings for all employees on private nonfarm payrolls increased by 3 cents, or 0.1 percent, to $22.95. Over the past 12 months, average hourly earnings increased by 1.9 percent. In April, average hourly earnings of private-sector production and nonsupervisory employees rose by 5 cents, or 0.3 percent, to $19.37. (See tables B-3 and B-8.)

[or in other words, if ya still have a job, yer _real_ paycheck has shrunk by at least 5%, while the bernankebux bonus boyz took in more billions]

and one last obs, suspect that the 1.9% hourly earnings 'increase' will be touted (by krugman) as the reason why 'inflation remains muted' and why it'll be OK if the bernank kranks out another trillion in 'stimulous'

[DRumsfeld2000]

Re: NFP: any opinions on this?

This is an interesting video on the general employment situation:-

http://finance.yahoo.com/blogs/daily...141947274.html

[Slimprofits]

Re: NFP: any opinions on this?

any opinions on this?

Yeah it sucks to be looking for work right now...