Jan NFP: + 157,000, Unemployment Rate At 7.9%

February 1, 2013 By 11 Comments

NFP + 157,000 on expectations of + 165,000
Official bogus unemployment rate: 7.9%
Gold & silver go vertical on the disappointment

 

2013 Silver Eagles IN STOCK & As Low As $2.79 Over Spot at SDBullion!!
2013 Silver Eagle

 

Long term unemployed unchanged at 4.7 million
Labor participation rate unchanged at 63.5%
Largest increase in jobs was in the healthcare sector
Manufacturing unemployment unchanged

You call this a recovery?
Labor Force Participation Rate

And silver is following Wednesday’s vertical COMEX open move:
silver

 


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  4. Non-Farm Payrolls: 0, Unemployment Rate: 9.1%
  5. Ron Paul: Keeping Up Statistical Appearances While Real Unemployment Rate is 22.8%
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Comments

  1. Avatar of RocketsRedGlare RocketsRedGlare says:
    February 1, 2013 at 8:41 AM

    None of these numbers out of Washington can be believed! All they do is lie. In a couple weeks these numbers will be revised down!

    • Avatar of Zilver Zeta Zilver Zeta says:
      February 1, 2013 at 8:57 AM

      Well in this MOPE to infinity world, I think we can rest assured that even with the MSM publicly expressing disappointment then the truth is 157,000 is still way too far to the upside. 7.9% way too low on the downside and Wednesdays -0.1% fall in 4Q GDP another complete fairy tale.

      We are on the right course of action….keep on stackin :-)

    • Avatar of MaryB MaryB says:
      February 1, 2013 at 10:47 PM

      throw a dart at a board and pick todays number…

  2. Avatar of Jccjktj Jccjktj says:
    February 1, 2013 at 8:50 AM

    Oh well, was hoping for a buying op. Not today.

  3. Avatar of RocketsRedGlare RocketsRedGlare says:
    February 1, 2013 at 9:00 AM

    I keep seeing the term, MOPE. What is MOPE?

    • Avatar of UglyDog UglyDog says:
      February 1, 2013 at 9:42 AM

      @RocketsRedGlare    M.O.P.E. is an acronym used by Jim Sinclair.  It stands for Management Of Economic Perspectives i.e. jawboning, statistical manipulation, etc, anything to make you think things are better than they really are.  It’s part of the Fed’s toolkit.

  4. Avatar of RocketsRedGlare RocketsRedGlare says:
    February 1, 2013 at 9:31 AM

    @Mammoth: Yup, I agree. What’s down is up & what’s up is down. It has been so long since they spoke the truth they don’t even know what it is.

  5. Avatar of RocketsRedGlare RocketsRedGlare says:
    February 1, 2013 at 9:47 AM

    @UglyDog: Thx, I searched for that and couldn’t find anything.

  6. Avatar of ShortyLong ShortyLong says:
    February 1, 2013 at 10:11 AM

    Speaking of definitions, what is TPTB? Thanks

  7. Avatar of Mammoth Mammoth says:
    February 1, 2013 at 10:34 AM

    What does ХУЯ mean?
    It is a vulgar term for ‘D!ck’ in Russian.
    Never mind…
     

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