Who screwed up the Jobs Report, Boner? Of is Wall Street simply seeing a 'change of horse in midstream' and pulling back? Hm.

Could be a change in paradyme has stalled the economy 'seasonally.' 


Let's see.

...Viewed in isolation, (click title to entry - thank you) the report might dash holiday cheer and raise new doubts about the strength of the economy's recovery from the worst downturn in 70 years. However, many analysts were skeptical that the Bureau of Labor Statistics survey was accurate in light of a stream of recent reports showing vitality reviving in retail and auto sales, consumer confidence, manufacturing and even private surveys of job creation....

The auto business may be doing well, but, it is only recently that GM began to open facilities and hire people, so that would be a delayed response to 'the news.' 

I know this is going to sound strange, but, a shift in paradyme is sometimes met with a 'transition' slow down.  In other words, the economy is growing, but, hasn't received a full head of steam and the COLLAPSED economy of 2008 is still diminishing in size.  I don't believe the 'new economy' has surpasses the collapse yet and one has to realize this is NOT a negative number of jobs even if very small.

...The Bill pleased the renewable energy and environment sector because of the inclusion of $490 million to fund training programs for green workers from all walks of life. It created various green jobs such as organic farming, recycling, manufacturing green products and even green school teaching. It also produced renewable energy jobs like solar installer, wind turbine installer, wind energy technician and energy retrofit installer....

U.S. Economy Grew 2.5% in Third Quarter, Revised From 2%Published: 11/23/2010 4:15:18 PM    By: TradingEconomics.com, BloombergReal consumer spending increased at a 2.8% annualized clip, the faste 

I sincerely believe the economy is very complicated with a sincere shift in econoimc paradigms and then there was the 2010 elections which are completely bizarre and it has had to made a negative impression no investors.  The people elected in The Tea Party are unfamiliar to investors.  Scary stuff. 

...On Thursday, the four-week average for first-time jobless claims fell to 431,000, the lowest it had been since September 2008....

The Tea Party candidates hate government and want to defund the entire federal structure.  That has got to send chills down the spine of investors.  The nation has seen these small  'private sector' numbers before.


continued...

...The ADP National Employment Report, which measures payroll data, showed Wednesday that 93,000 new private-sector jobs were created in November, 54,000 of them in small businesses, which national surveys often overlook....

Investors don't want the rug pulled out from under them if there is going to be defunding of the federal government and there are mass numbers of unemployed.  That would definately slow the economy.  So all the hostile RHETORIC doesn't really instill confidence, if anything it makes it worse.  That's way tax cuts are simply not going to work if the weatlhy are going to 'save' rather than invest, which they will as they always have.

...Friday's poor numbers were even more striking when measured against a BLS revision that showed employers had added 172,000 jobs in October, not the 151,000 first reported last month. September and October reports were revised upward by a combined 38,000 new jobs....

Personal Income: Real Disposable Income and Real Consumer Spending Graph (click here)

I find it really interesting how complete amateurs simply LASH OUT at reports that are produced to assit analyists without knowing what the hell they are saying.

Okay, this is starting to make a little bit of sense now.  Remember how in 2009 there were no loans for small businesses after Wall Street was bailed out?  Yes?  Well, it was only recently loans became available THROUGH THE INITIATIVES OF THE OBAMA AND DEMOCRATIC ADMINISTRATIONS for the small business sector.  Well.  Guess what happened in Novermber?

Oh.

You don't know?

I see.

Allow me.

U.S. private sector job growth highest in 3 years-WRAPUP 2 (click here)

Wednesday December 01, 2010 07:30:14 PM GMT

USA-ECONOMY/ (WRAPUP 2)

* US private sector adds 93,000 jobs in November-ADP

* Planned November U.S. layoffs up at 48,711-Challenger

* US productivity increased at 2.3 pct annual rate (Adds details)

By Caroline Valetkevitch

NEW YORK, Dec 1 (Reuters) - U.S. private sector payrolls saw their biggest rise in three years in November, lifting optimism about the job market ahead of Friday's key government employment report.

Adding to the view that the U.S. economic recovery was picking up steam, non-farm productivity grew faster than previously estimated in the third quarter.

U.S. private employers added a stronger-than-forecast 93,000 jobs in November, the biggest rise since November 2007, after an upwardly revised gain of 82,000 the month before, according to data Wednesday by ADP Employer Services, which jointly developed the report with Macroeconomic Advisers LLC.

Economists in a Reuters poll had expected a rise of 69,000 private-sector jobs in November. For details, see [ID:nEAP102100]

"It is just another sign of re-acceleration in the labor market. Some of the details suggest that there is a 60 percent chance that the government's payroll number could beat consensus," said John Canally, Investment Strategist at LPL Financial in Boston....

The USA Private Sector (LOCAL ECONOMIES) are only getting up and running.  That is the issue.  There is one other graph to illustrate this really clearly, let me get it.  The 'tan' areas are the private sector.  I'll be back in a few.

The goods sector (click here)contracted for the second consecutive year, falling 5.3 percent in 2009, led by a downturn in durable-goods manufacturing.

Construction value added contracted for the fifth consecutive year, declining 9.9 percent in 2009.

The services sector fell 1.9 percent, led by a 2.7 percent drop in finance and insurance. Growth in health care helped partially offset declines in this sector....

It amy escape a few Americans, but, most of us remember the CRASH of September 2008.  Then what I remember is the fact after the banks and AIG were 'bailed out' they abandoned the USA and small businesses lost their foothold.  Bankruptcies and market contraction were the demise of the private sector.  You know, WHERE JOB GROWTH happens at times.

September 23, 2010, 4:16 PM EDT

Small-Businesses Bill Gets Final Approval in Congress  (click here)

By Brian Faler

(Updates with comment from Obama in third paragraph.)

Sept. 23 (Bloomberg) -- The U.S. Congress gave final approval to legislation aimed at boosting lending to small businesses in what is likely to be the Democrats’ final jobs bill before the Nov. 2 elections.

The House today passed 237-187 a measure offering tax cuts, loans and revived stimulus provisions to ease the flow of credit and show voters that Democrats are trying to boost the economy. The bill, approved by the Senate last week, goes to President Barack Obama for his signature.

“The small-business jobs bill passed today will help provide loans and cut taxes for millions of small-business owners without adding a dime to our nation’s deficit,” Obama said in a statement. “I look forward to signing the bill.”

Republicans objected to provisions creating a $30 billion program in which the Treasury Department would buy preferred shares in community banks, with participants paying the government dividends on a scale depending on how much they increase lending. They said the plan amounted to little more than a smaller version of the Troubled Asset Relief Program....

Yeah, that is the Right Wing Extremists favorite RHETORICAL RANT.  Somehow, TARP was suppose to ONLY bailout the banks and AIG leaving the CITIZENS without any method to rebuild their destroyed ecooomy.  The electorate in some areas of the country actually 'bought it' even though they were suffering from a contracted economy.  Amazing.  Somehow, reassigning the TARP monies to ACTUAL economic growth and recovery was just too much for the GOP to understand.  Oh, well.

But, that is what the poor jobs number are, a combination of a lot of factors that are still in recovery.  Let's hope the Republicans and Tea Party don't 'get stupid' rather than 'get it.' 

Paradigm shifts, which needed to occur in the USA, do this sort of thing.  On a graph it would illustrate the declining OLD economy and the increasing NEW economy.  Usually where they MEET only the timeline causes real confusing scenarios.