Friday’s Job Report Could Make or Break Gold & Silver Market

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tbird165
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Friday’s Job Report Could Make or Break Gold & Silver Market

#1 Unread post by tbird165 » Sat Mar 01, 2014 1:33 am

One of the most highly anticipated monthly economic reports is the monthly jobs report from the Bureau of Labor Statistics (BLS). Investors are on pins and needles awaiting the verdict to get a sense of the strength of the economy. December’s jobs report of 74,000 new jobs was well below the consensus of 200,000 new jobs, and was in direct contrast to the ADP’s report two days earlier of 238,000 new jobs. The recent decline in the stock market over the past few weeks, including multiple triple digit daily losses, and the recent strength of the gold and silver markets, would indicate that the market is anticipating a less than stellar jobs report for the month of January. However, a better than expected jobs report, or even one on par with economists’ forecasts of 190,000 new jobs, could erase all of the recent gains that we’ve experienced in the gold and silver markets since the beginning of the year. We’ll analyze the possible scenarios in further detail below and how they’ll likely affect the gold and silver markets. - See more at: http://atlantagoldandcoin.com/fridays-jobs-report-make-break-gold-silver-markets/

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Re: Friday’s Job Report Could Make or Break Gold & Silver Ma

#2 Unread post by Daniel » Sat Mar 01, 2014 10:24 am

Sad, sad, sad how they use this to manipulate and gauge the strength of the economy. I know for a fact that businesses get tax credit for hiring so many employees, or employees of a targeted group like disabled or veterans, and Wal-Mart and Kroger hired a bunch of employees in Jan. and then cut hours of the employees already working. I know because I have family members who work at those places.

The companies hire a bunch of people for 8-15 hours and get a tax break from the government, this is considered creating a job, and cut the 20-30 hours a week employees to 8-15 hours. These "jobs" being created are low hours and at low pay and doesn't build a solid and loyal work force.

Don't get me wrong, some of these jobs are decent since we have new companies up and coming, but no less-than-full-time jobs should be tallied in this report. Furthermore just because a person who's on unemployment, accepts a 25 hour a week job for minimum wage, doesn't mean a job was created.

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