Political Wrinkles  

Go Back   Political Wrinkles > Political Forums > Economics
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

Economics Discuss Robust Jobs Report All but Guarantees Fed Will Raise Rates at the Political Forums; Baby steps, after baby steps, after baby steps from the Federal Reserve, but at this point there isn't much reason ...

Reply
 
Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 12-04-2015, 11:06 PM
WallyWager's Avatar
Moderator
 
Join Date: Jan 2011
Location: Michigan
Gender: Male
Posts: 11,859
Thanks: 1,573
Thanked 9,013 Times in 5,764 Posts
Default Robust Jobs Report All but Guarantees Fed Will Raise Rates

Baby steps, after baby steps, after baby steps from the Federal Reserve, but at this point there isn't much reason left IMO to raise interest rates and test the waters of this current economy. We're not perfect, but we've made a lot of progress since the crash and the Great Recession. There's more article there than what I posted, so feel free to look at the whole thing.

Quote:
Consider it a done deal.

American employers expanded their payrolls at a robust pace in November, the government reported on Friday, all but guaranteeing that policy makers at the Federal Reserve will raise interest rates for the first time in nearly a decade when they meet in less than two weeks.

In addition to announcing 211,000 new hires last month — a bit more than Wall Street had expected — the Labor Department also revised upward its earlier estimate of job creation in September and October by a total of 26,000 jobs. The unemployment rate was unchanged at 5 percent.


The labor market strength evident in the November data removes the last major uncertainty before the Fed decision.

“This is a green light from our perspective,” said Phil Orlando, chief equity strategist at Federated Investors.

Wall Street, which in the past has sold off after strong jobs data and the prospect of higher interest rates, greeted the report with enthusiasm, perhaps because it removes any remaining uncertainty about the Fed’s plans. Stocks reversed Thursday’s losses and rose more than 2 percent; bond yields fell slightly. The report on Friday echoes other recent positive data on job openings, new weekly claims for unemployment benefits and private payroll surveys, Mr. Orlando added. “This is a good number for liftoff,” he said, referring to the expected move by the central bank, which has held rates near zero since December 2008.

Over all, the Labor Department data painted a picture of an economy that is growing steadily and creating jobs at a healthy pace, even as wage gains remain subdued and many Americans are still stuck on the sidelines of the recovery.

If hiring continues at a healthy pace next year, as most economists now predict, it could also blunt Republican criticism in the presidential campaign of Democratic economic policies, which have been a prominent target for the current crop of G.O.P. candidates.


With an average monthly payroll increase of 210,000 so far this year, the 211,000 gain in November — though still subject to revision — has a metronome-like element of consistency. It is also near the average monthly increase of 199,000 in 2013 and 260,000 in 2014.

Read more at:

http://www.nytimes.com/2015/12/05/bu...ml?smid=tw-bna
__________________
"I've known Jeff for 15 years. Terrific guy. He's a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side." - Donald Trump, on pedophile Jeff Epstein.
Reply With Quote
The Following 2 Users Say Thank You to WallyWager For This Useful Post:
  #2 (permalink)  
Old 12-05-2015, 02:35 AM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: Esto perpetua
Posts: 81,008
Thanks: 55,344
Thanked 26,231 Times in 18,767 Posts
Send a message via AIM to saltwn Send a message via MSN to saltwn Send a message via Yahoo to saltwn
Default Re: Robust Jobs Report All but Guarantees Fed Will Raise Rates

I hope for the day a savings account really counts again.
__________________
Trump’s only true skill is the con; his only fundamental belief is that the United States is the birthright of straight, white, Christian men, and his only real, authentic pleasure is in cruelty. It is that cruelty, and the delight it brings them, that binds his most ardent supporters to him, in shared scorn for those they hate and fear: immigrants, black voters, feminists, and treasonous white men who empathize with any of those who would steal their birthright.~Serwer|The Atlantic
Reply With Quote
  #3 (permalink)  
Old 12-05-2015, 09:53 AM
FrancSevin's Avatar
Runs with scissors
 
Join Date: Mar 2014
Location: St Louis MO
Gender: Male
Posts: 13,805
Thanks: 8,967
Thanked 12,400 Times in 6,845 Posts
Default Re: Robust Jobs Report All but Guarantees Fed Will Raise Rates

I wouldn't call the "Jobs Reports" robust but the Fed is long past due to make an increase in the rates. They may stand on this "Robust" report as their reason but the Fed simply cannot continue to just print money.

After all, Wall street is booming. And the co-criminal bankers who played fast and loose had their gambling losses recovered.

The recent validation of the Chinese currency and disgust by other nations about USA monetary management has placed a lot of pressure on the Fed to regain some responsibility.

But we, the nation of labels, can label our incredibly slow 8 year recovery to a positive quarterly Jobs Report as the reason. I'm sure the average middle class family, which has lost 4% of it's earning power in that time, will be elated.
__________________
I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.
sola gratia, sola fide, sola scriptura.

I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE
Reply With Quote
The Following User Says Thank You to FrancSevin For This Useful Post:
  #4 (permalink)  
Old 12-05-2015, 10:44 AM
PW Enlightenment
 
Join Date: Apr 2013
Gender: Male
Posts: 12,135
Thanks: 9,710
Thanked 8,034 Times in 4,776 Posts
Default Re: Robust Jobs Report All but Guarantees Fed Will Raise Rates

Quote:
Originally Posted by FrancSevin View Post
I wouldn't call the "Jobs Reports" robust but the Fed is long past due to make an increase in the rates. They may stand on this "Robust" report as their reason but the Fed simply cannot continue to just print money.

After all, Wall street is booming. And the co-criminal bankers who played fast and loose had their gambling losses recovered.

The recent validation of the Chinese currency and disgust by other nations about USA monetary management has placed a lot of pressure on the Fed to regain some responsibility.

But we, the nation of labels, can label our incredibly slow 8 year recovery to a positive quarterly Jobs Report as the reason. I'm sure the average middle class family, which has lost 4% of it's earning power in that time, will be elated.
I don't see the fed raising the rate any time soon. If the rate rises 1%, the national debt service cost doubles. I can't see that happening.
Reply With Quote
The Following User Says Thank You to jimbo For This Useful Post:
  #5 (permalink)  
Old 12-05-2015, 10:45 AM
Banned
 
Join Date: Oct 2007
Location: PNW
Gender: Male
Posts: 70,513
Thanks: 22,404
Thanked 18,920 Times in 13,935 Posts
Default Re: Robust Jobs Report All but Guarantees Fed Will Raise Rates

Another good jobs report. So how does this effect the right? "We have to take our country back" "We have to turn this country around" Which is just what worries me about them.
Reply With Quote
  #6 (permalink)  
Old 12-05-2015, 10:55 AM
WallyWager's Avatar
Moderator
 
Join Date: Jan 2011
Location: Michigan
Gender: Male
Posts: 11,859
Thanks: 1,573
Thanked 9,013 Times in 5,764 Posts
Default Re: Robust Jobs Report All but Guarantees Fed Will Raise Rates

Quote:
Originally Posted by Mikeyy View Post
Another good jobs report. So how does this effect the right? "We have to take our country back" "We have to turn this country around" Which is just what worries me about them.
Maybe they miss the recession, lots of parking!
__________________
"I've known Jeff for 15 years. Terrific guy. He's a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side." - Donald Trump, on pedophile Jeff Epstein.
Reply With Quote
The Following User Says Thank You to WallyWager For This Useful Post:
  #7 (permalink)  
Old 12-05-2015, 11:03 AM
Banned
 
Join Date: Oct 2007
Location: PNW
Gender: Male
Posts: 70,513
Thanks: 22,404
Thanked 18,920 Times in 13,935 Posts
Default Re: Robust Jobs Report All but Guarantees Fed Will Raise Rates

Quote:
Originally Posted by WallyWager View Post
Maybe they miss the recession, lots of parking!
That's true. I remember being the only person in Home Depot one day in the height of the crash. The California freeways were quiet as well.
Reply With Quote
  #8 (permalink)  
Old 12-07-2015, 09:08 AM
Conservative Sage
 
Join Date: Mar 2010
Location: Scottsdale, AZ
Posts: 17,487
Thanks: 10,839
Thanked 11,403 Times in 6,800 Posts
Send a message via ICQ to AZRWinger
Default Re: Robust Jobs Report All but Guarantees Fed Will Raise Rates

Quote:
Originally Posted by WallyWager View Post
Maybe they miss the recession, lots of parking!
Miss the recession? Under Obama a moribund economy with GDP growth of 2% or less and declining median income is the new normal. What is missing is the recovery, despite over $9 trillion in new debt and recovery summer. Instead we get vapid rhetoric like Obama did as well as anyone could have.
Reply With Quote
  #9 (permalink)  
Old 12-14-2015, 06:39 PM
foundit66's Avatar
Moderator
 
Join Date: Oct 2007
Location: California
Gender: Male
Posts: 25,608
Thanks: 10,108
Thanked 15,284 Times in 9,267 Posts
Default Re: Robust Jobs Report All but Guarantees Fed Will Raise Rates

Quote:
Originally Posted by FrancSevin View Post
I wouldn't call the "Jobs Reports" robust but the Fed is long past due to make an increase in the rates. They may stand on this "Robust" report as their reason but the Fed simply cannot continue to just print money.
I agree.
__________________
“Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.”
~Abraham Lincoln
Reply With Quote
Reply

Tags
all, but, fed, guarantees, jobs, raise, rates, report, robust, will

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump


All times are GMT -5. The time now is 03:45 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0