Comments on: No reason for these stock market jitters http://blogs.reuters.com/anatole-kaletsky/2014/05/08/no-reason-for-these-stock-market-jitters/ Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Hippophibia http://blogs.reuters.com/anatole-kaletsky/2014/05/08/no-reason-for-these-stock-market-jitters/#comment-1751 Thu, 08 May 2014 23:40:13 +0000 http://blogs.reuters.com/anatole-kaletsky/?p=1065#comment-1751 The stock market is a total farce based on zero interest rates and QE, there are no other drivers.

Did you miss the US GDP growth of 0.1% against planned 1.2%??

yeah just like the comment, ‘The US consumer is ready to out spending after the bad winter’ the caused the 0.1% GDP growth, first of all they had reduced income and then excessive heating bills and job insecurity, US GDP growth will be negative in the next quarter.

Lets make it clear the US job market shed hundreds of thousands of jobs in the last quarter, there has been no job growth, just half a million persons going on long-term unemployment i.e. no longer looking for employment.

The real story:
The number of people in the labor force fell by a whopping 806,000, wiping out the February and March gains and a bit of January as well.

The labor force participation rate fell by 0.4 percentage points to 62.8 percent, returning to its December level,

And the number of people reporting they were unemployed fell by 733,000, which sounds good on its surface, but paired with the similar-sized decline in the labor force points to job seekers giving up looking rather than finding new employment.

Average hourly wages for American workers held steady at $24.31 last month. They have increased just 1.9 percent over the previous 12 months. But after adjusting for inflation, real wages have increased by something like 0.5 percent.

The Fed’s favorite inflation index rose just 1.1 percent in the 12 months that ended March 31

When only 48 percent of American adults held full-time jobs in April, the important question is what share of the rest were prevented by the weak economy from finding full-time work.

http://www.nytimes.com/2014/05/03/upshot  /jobs-report-looks-great-but-looks-are- deceiving.html?_r=0

http://www.nytimes.com/2014/05/05/u…on=F ooter&module=MoreInSection&pgtype=articl e

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