April Employment Report spins heads of recession goons

[PaceAdvantage]

Yeah, this sure REEKS of a recession.....:rolleyes:

Employment Report a Relief
Last Update: 02-May-08 08:45 ET

The April employment report showed a 20K decline in nonfarm payrolls. That compared to a 81K revised decline from the prior month and the consensus estimate that called for a drop of 75K. The unemployment rate was reported at 5.0%, down from 5.1% in MarchGranted, nonfarm payrolls have declined four straight months for a cumulative loss of 260K positions. In 2001, though, nonfarm payrolls declined 281K in the month of April alone. The job market is loosening, but not in a recession-like way. This is a good report for the market where the initial response has been understandably bullish.

[PaceAdvantage]

Bottom line: More hard evidence of a simple slowdown and NOT a full-blown recession.

[ljb]

ok Pa,
you win the prize for bull head of the year, carry on. :bang: :bang: :bang:

[PaceAdvantage]

ok Pa,
you win the prize for bull head of the year, carry on. :bang: :bang: :bang:More names, but once again, no factual or intellectual rebuttal. I'm bull headed for consistently showing hard evidence agreeing with my stance on the issues?

Where's your evidence? Where is your MASSIVE monthly job losses (ALWAYS present in a true RECESSION). Where's your negative GDP (ALWAYS present in a TRUE recession).

[ljb]

" there are lies, damn lies, and statistics." Keep spinning Pa, it will ease your pain.

[Tom]

I love the way someone insults you and then you turn around and prove thier point in your very next post! :D

[JustRalph]

Don't believe the facts.......... you must believe ABC, NBC, CBS, CNN etc.............

if they say it...........it must be so.

[Pace Cap'n]

Someone should tell NPR--they like to use the phrase "in the midst of a recession".