God Hates the Permabears, and He Punishes Them with NFP

November Non-Farm Payrolls is out, here’s Lil Weezy:

The November jobs report is in, and it’s a gigantic beat.

146K new jobs is well above expectations of 85K.

Private payrolls came in at 147K, which means that there was only a 1K drag.

Unemployment falls to 7.7% from 7.9%.

This is the lowest level since 2008.

God hates the permabears and He punishes them with monthly NFP upside surprises. Even if they’re revised 60 days later, the damage is already done.  This is also why He created the Labor Force Participation Rate scam, a classic – one for the ages.  The way it works is, you simulate an unemployment number by deciding that X number of people are just not in the workforce anymore. So at this point, we’re at 88 million people no longer being counted, up another 540k or so. The participation rate is 63.2% now. Which means the other 40% of eligible workers are probably independently wealthy, heirs to the Pop Tarts fortune or something. Congrats!

Also, here’s Barry on why the month-to-month number doesn’t matter.

Anyway, it’s a good number and the market likes it. The S&P 500 looks like it wants to get to second base with the 1420 level again, under the shirt.

So let’s go.

What's been said:

Discussions found on the web
  1. Is the Bitcoin loophole legit? commented on Sep 25

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2012/12/07/god-hates-the-permabears-and-he-punishes-them-with-nfp/ […]

  2. emma watson sex dolls commented on Sep 25

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2012/12/07/god-hates-the-permabears-and-he-punishes-them-with-nfp/ […]

  3. bitcoin era review 2020 commented on Sep 29

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2012/12/07/god-hates-the-permabears-and-he-punishes-them-with-nfp/ […]

  4. https://bitcoinevolutiononline.com commented on Oct 02

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2012/12/07/god-hates-the-permabears-and-he-punishes-them-with-nfp/ […]

  5. Exotic Animals for Sale commented on Oct 13

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2012/12/07/god-hates-the-permabears-and-he-punishes-them-with-nfp/ […]

  6. cum se curata commented on Oct 30

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2012/12/07/god-hates-the-permabears-and-he-punishes-them-with-nfp/ […]

  7. used sex dolls commented on Dec 08

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2012/12/07/god-hates-the-permabears-and-he-punishes-them-with-nfp/ […]

  8. replica cheapest omega watch commented on Dec 08

    … [Trackback]

    […] There you will find 89881 additional Info on that Topic: thereformedbroker.com/2012/12/07/god-hates-the-permabears-and-he-punishes-them-with-nfp/ […]

  9. 토토사이트 commented on Dec 09

    … [Trackback]

    […] There you can find 70546 more Information to that Topic: thereformedbroker.com/2012/12/07/god-hates-the-permabears-and-he-punishes-them-with-nfp/ […]

  10. functional testing solutions commented on Dec 19

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2012/12/07/god-hates-the-permabears-and-he-punishes-them-with-nfp/ […]

  11. HP LaserJet printer manuals commented on Jan 21

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2012/12/07/god-hates-the-permabears-and-he-punishes-them-with-nfp/ […]