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Deformed Opinion

Dawsonville, GA

#23 Apr 12, 2013
We need to get rid of the private sector all together, that's where all these problems come from. Problems with insurance, layoffs, can't keep up with the cost of living. These are all private sector problems.

Government jobs don't have to worry about layoffs (they get reassigned or paid to quit), having insurance, or inflation.

Duh.......get rid of em. Attrition is OK. Ban any new private sector jobs. Government can do everything they do better anyway. Most of the successful people in the world have never had a private sector job.
Informed Opinion

Lehigh Acres, FL

#24 Apr 13, 2013
Rightly Right of Center wrote:
<quoted text>The "jobs" created were Federal Government jobs. They are a drain on the country.
You mean the 3.9 million people who work for the War Department are parasites and a "drain" on the country - I agree.

If you mean those employed as soldiers, sailers, and Marines, then I disagree.
Informed Opinion

Lehigh Acres, FL

#25 Apr 13, 2013
The latest report on the state of the U.S. job market offered good news all around, the best reading in months on the state of the economy.

Jobs? There were 236,000 more of them on U.S. employers’ payrolls in February than in January. The unemployment rate? Down to 7.7 percent, from 7.9 percent. Wages? Private-sector pay rose 0.6 percent as people both worked more hours and at a higher hourly wage.

“It’s an outstanding report,” said Craig Alexander, chief economist at TD Bank Group.“Not only are the headlines good but the details are good as well. You very quickly run out of superlatives in this payroll report.”
Bored

Jefferson, GA

#26 Apr 13, 2013
Informed Opinion wrote:
The latest report on the state of the U.S. job market offered good news all around, the best reading in months on the state of the economy.
Jobs? There were 236,000 more of them on U.S. employers’ payrolls in February than in January. The unemployment rate? Down to 7.7 percent, from 7.9 percent. Wages? Private-sector pay rose 0.6 percent as people both worked more hours and at a higher hourly wage.
“It’s an outstanding report,” said Craig Alexander, chief economist at TD Bank Group.“Not only are the headlines good but the details are good as well. You very quickly run out of superlatives in this payroll report.”

Hold on there Buckaroo Banzai.

Last week’s Employment Situation report from the federal Bureau of Labor Statistics got the predictable amount of attention, especially since it showed no real improvement in the nation’s 7.6 percent unemployment rate. Analysts have been parsing the meaning of this report, especially the decline in workforce participation (meaning that fewer people say they are looking for work) and have begun to wonder aloud if we are seeing a fundamental shift in the United States’ labor market rather than a very sluggish recovery as had been thought.

There’s another BLS report that never gets quite the attention I think it deserves — the monthly Job Openings and Labor Turnover (JOLT) report, which on Tuesday reflected the highest number of February job openings since 2008, at 3.9 million. Yet overall hiring was actually lower than in February 2012. The report reflects an “establishment survey” of job openings, hires and separations by month by industry and by geographic region. And the disconnect that it’s showing between a rising number of job openings but flat or falling hiring adds another dimension to ongoing questions about the U.S. employment market.(Here’s a BLS primer on the JOLT report; it’s a 9-page PDF that is well worth a read despite being quite heavy on statistics.) And Bloomberg reported that the Conference Board’s Employment Trends Index, just out with March figures, also reflected a slump in hiring, though the board’s analyst still expects moderate growth.

Informed Opinion

Lehigh Acres, FL

#27 Apr 14, 2013
Gold Bulls Endure Bear Market as Goldman Says Sell: Commodities
By Tony C. Dreibus
April 14, 2013 8:13 PM EDT
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... The turn in the gold cycle is quickening and investors should sell the metal, Goldman Sachs said in an April 10 recommendation that returned 5.4 percent in three days. Gold retreated as the Standard & Poor’s GSCI Index of 24 raw materials fell to a nine-month low, extending a slump that Citigroup Inc. said marks the “death bell” for the supercycle, or longer-than-average period of rising prices.

...“Anybody who did some buying before this big drop is probably in some pain,” said Donald Selkin, who helps manage about $3 billion of assets as chief market strategist at National Securities Corp. in New York.

“The perception is that gold is not really needed as a safe haven. People are looking at the stock market and they’re stunned, and there’s no inflation. So people are saying ‘What do we need gold for?’”
Spot gold fell 6.2 percent to $1,483 an ounce last week, the biggest drop since December 2011.

Money managers took $1.39 billion from commodity funds in the week ended April 10, said Cameron Brandt, the director of research for Cambridge, Massachusetts-based EPFR Global, which tracks money flows. Outflows from gold and precious-metals funds totaled $1.26 billion, he said.

The S&P GSCI gauge surged 170 percent from the end of 1999 to Dec. 31, 2009, the most of any decade since the data begins in 1971.
Informed Opinion

Lehigh Acres, FL

#28 Apr 14, 2013
U.S. sales climb again, reach volume last seen in '07
5:08 pm U.S. ET, April 2 2013
In the highest-volume month since August 2007, automakers broadly advanced to sell 1.45 million light vehicles in March. That's only 3 percent higher than strong year-ear ...
Comments [1]| Recommendations [1]

Ford volume climbs 6% on pickups, crossovers
4:24 pm U.S. ET, April 2 2013
Ford Motor Co.'s U.S. sales in March were its highest since May 2007, the company said today, led by sales of pickups and crossovers....

GM sales rise 6%, led by Cadillac, Buick
2:32 pm U.S. ET, April 2 2013
General Motors' U.S. sales rose 6 percent in March, the company said today, as new nameplates helped Cadillac achieve a 50 percent gain and Buick rise 37 percent. Chevrol ...

Chrysler sales up 5%; pickups, mid-sized sedans jump
12:48 pm U.S. ET, April 2 2013
Record sales of pickups and mid-sized sedans boosted Chrysler Group sales by 5 percent in March, extending a string of consecutive monthly sales increases to

BMW's March advance trims Mercedes lead in U.S. luxury race
3:03 pm U.S. ET, April 2 2013
BMW AG reported a 13 percent U.S. sales increase in March, cutting into the luxury-auto lead of Mercedes-Benz as both brands set records for the month....

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