On Bob Brinker today

[GFB]

In his opening monologue, Bob pointed out that, for 10 straight months, the economy has added MORE than 200,000 jobs.

He also recalled that 6 years ago this month..the economy was losing 600,000 jobs a month.

He mentioned how people opine about the number of jobs are part time, but the actual number of the 140,000 jobs held in the country that are part time..is 7,000.

Bob believes that the 7,000 number is higher than it should be, but it represents approximately 5% of all jobs held.

[Cowman52]

You need to think who is doing the counting, who is benefiting from the way the counting is done and the biggest part, of all these supposed jobs, are ANY of them adding anything to the economy, ie pencil pushing counting the number of jobs that includes the kid shoveling snow in Buffalo or the new staff that recently hired on in Washington. These "jobs". Just make the numbers look better and are of no good what so ever to the need of the economy to grow.
The oil patch going to grind to a halt at 50 dollar oil, not hardly, 3 step sons were told this week if it happens, their hours go from 12 to ten a day, and they are fine with that.

[Sangersteve]

The labor participation rate is way more important than the employment rate.

[GFB]

You need to think who is doing the counting, who is benefiting from the way the counting is done and the biggest part, of all these supposed jobs, are ANY of them adding anything to the economy, ie pencil pushing counting the number of jobs that includes the kid shoveling snow in Buffalo or the new staff that recently hired on in Washington. These "jobs". Just make the numbers look better and are of no good what so ever to the need of the economy to grow.
The oil patch going to grind to a halt at 50 dollar oil, not hardly, 3 step sons were told this week if it happens, their hours go from 12 to ten a day, and they are fine with that.

I need to think who is doing the counting?

Allow me to interject that I am a person with a financial stake in the economy continuing to improve..are you?

[GFB]

The labor participation rate is way more important than the employment rate.

I'm pretty sure both are improving.

[planosteve]

The labor force participation rate remained at a 36-year low of 62.8 percent in November, according to the Bureau of Labor Statistics.
The participation rate, which is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job during the month or actively seeking one, was 62.8 percent in November which matches the percentage since March 1978.
http://cnsnews.com/news/article/ali-meyer/labor-force-participation-remains-36-year-low-0

[Bob Of Burleson]

"He mentioned how people opine about the number of jobs are part time, but the actual number of the 140,000 jobs held in the country that are part time..is 7,000."

What?

[planosteve]

"He mentioned how people opine about the number of jobs are part time, but the actual number of the 140,000 jobs held in the country that are part time..is 7,000."

What?

He should have said 7 million. Here's Honey's take:

UNEMPLOYMENT RATE and WHINERS... Brinker said: "The unemployment rate holding at 5.8 – that matches the six year low. And no doubt about it this is good news for holiday spending.… So all in all this is positive… But we hear about the whiners and the complainers talking about the 7 million or so were working part-time because they cannot find full-time. We like that number to be zero but 7 million out of a very large number of people working – numbering in the hundred and 40,000,000+ area. So that's not the end of the world. Let's keep in mind there are employers out there that in order to save money purposely, keep ours below certain levels in order to not have to pay (???) benefits. And those companies know who they are.....Hourly earnings were up 0.4%......The average hourly rate for the month of November was $24.66."

[GFB]

"He mentioned how people opine about the number of jobs are part time, but the actual number of the 140,000 jobs held in the country that are part time..is 7,000."

What?

I messed up..meant to say...7 million...which is 5%.

[GFB]

In the last hour, Bob usually has a guest that he interviews.

I did not recognize the name of the guest yesterday..Winthrop Smith.

Former Executive at Merrill Lynch..and had great info about the financial crisis a few years back, and the period leading up to it.and how Merrill Lynch and other investment houses began to stop adhering to their principles.

[grouchy]

In the last hour, Bob usually has a guest that he interviews.

I did not recognize the name of the guest yesterday..Winthrop Smith.

Former Executive at Merrill Lynch..and had great info about the financial crisis a few years back, and the period leading up to it.and how Merrill Lynch and other investment houses began to stop adhering to their principles.

Greed.

[Mark]

The unemployment rate is another one of those worthless, gerrymandered government numbers.

[planosteve]

The only people counted as unemployed are those receiving benefits.

[GFB]

The unemployment rate is another one of those worthless, gerrymandered government numbers.

You short the market?

[GFB]

The only people counted as unemployed are those receiving benefits.

How about you?

[planosteve]

The only people counted as unemployed are those receiving benefits.

How about you?

Unemployment benefits. Why would they count retired people?

[GFB]

The only people counted as unemployed are those receiving benefits.

How about you?

Unemployment benefits. Why would they count retired people?

No, I meant..same question I asked Mark..are you short the market?

[planosteve]

[url]No, I meant..same question I asked Mark..are you short the market?[/url] I don't play the market either way. I really don't want to spend the time it would take. There's only a couple of mutual funds like BEARX and they haven't been very successful.

[jellowrestling]

[url]No, I meant..same question I asked Mark..are you short the market?[/url] I don't play the market either way. I really don't want to spend the time it would take. There's only a couple of mutual funds like BEARX and they haven't been very successful.

Why do you think that is (that they haven't been successful)?

[planosteve]

[url]No, I meant..same question I asked Mark..are you short the market?[/url] I don't play the market either way. I really don't want to spend the time it would take. There's only a couple of mutual funds like BEARX and they haven't been very successful.

Why do you think that is (that they haven't been successful)?

If they only go up when the market goes down, it' can be a long dry spell. The FED has goosed the market for almost 6 years now.