August Jobs Report – Another Lie - futures io
futures io futures trading



August Jobs Report – Another Lie


Discussion in Traders Hideout

Updated
    1. trending_up 720 views
    2. thumb_up 0 thanks given
    3. group 1 followers
    1. forum 2 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

August Jobs Report – Another Lie

(login for full post details)
  #1 (permalink)
LA, California, USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL,ES mainly
 
Victory Trader's Avatar
 
Posts: 530 since Sep 2011

New jobs created for the month of August came in at 96,000. The experts estimated that number would be 140,000. So much for the experts. June’s Job Report was revised down from 80,000 to 64,000 jobs created. July’s likewise was revised down from 163,000 to 141,000. So in two months we have a miscalculation amounting to 38,000 jobs. If we question these revisions they tell us that they keep changing because it is a fluid situation and they just can’t keep up with it.

Approximately 2 billion shares of stock are traded on the New York Exchange daily. There are about 6000 different companies on the NYSE and trades are being made all around the world, yet these numbers are calculated accurately to the second. With these jobs numbers we are looking at the simplest of calculations and yet the discrepancies run into the thousands and they are not discovered until a month later.

August Jobs Report ? Another Lie | _

Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
COTbase for quant trading?
Elite Algorithmic NinjaTrader Trading
Work with historical tcks data on MUltichart NET PowerLa …
MultiCharts
Reading A set of Trading Signals
EasyLanguage Programming
ZigZag with Depth and Backstep
EasyLanguage Programming
NT8 indicator to simulate a Funding Evaluation where to …
NinjaTrader
 
 
(login for full post details)
  #2 (permalink)
LA, California, USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: CL,ES mainly
 
Victory Trader's Avatar
 
Posts: 530 since Sep 2011

...119,000 Fewer Employed in August Than July

The number of Americans whom the U.S. Department of Labor counted as “not in the civilian labor force” in August hit a record high of 88,921,000.

The Labor Department counts a person as not in the civilian labor force if they are at least 16 years old, are not in the military or an institution such as a prison, mental hospital or nursing home, and have not actively looked for a job in the last four weeks. The department counts a person as in “the civilian labor force” if they are at least 16, are not in the military or an institution such as a prison, mental hospital or nursing home, and either do have a job or have actively looked for one in the last four weeks.

Record 88,921,000 Americans ?Not in Labor Force??119,000 Fewer Employed in August Than July | _
============================
Just to add to the above article.

Started this thread Reply With Quote
 
(login for full post details)
  #3 (permalink)
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,134 since Jul 2011
Thanks: 2,387 given, 1,723 received


another informative site

Daily Job Cuts - Layoff News , Job Layoffs 2012 / 2011 , Bankruptcy, Store closings, Business Economy News

Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Traders Hideout > August Jobs Report – Another Lie


Last Updated on September 9, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

Journal Challenge w/Jigsaw

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts