OK

This is only a Preview!

You must Publish this diary to make this visible to the public,
or click 'Edit Diary' to make further changes first.

Posting a Diary Entry

Daily Kos welcomes blog articles from readers, known as diaries. The Intro section to a diary should be about three paragraphs long, and is required. The body section is optional, as is the poll, which can have 1 to 15 choices. Descriptive tags are also required to help others find your diary by subject; please don't use "cute" tags.

When you're ready, scroll down below the tags and click Save & Preview. You can edit your diary after it's published by clicking Edit Diary. Polls cannot be edited once they are published.

If this is your first time creating a Diary since the Ajax upgrade, before you enter any text below, please press Ctrl-F5 and then hold down the Shift Key and press your browser's Reload button to refresh its cache with the new script files.

ATTENTION: READ THE RULES.

  1. One diary daily maximum.
  2. Substantive diaries only. If you don't have at least three solid, original paragraphs, you should probably post a comment in an Open Thread.
  3. No repetitive diaries. Take a moment to ensure your topic hasn't been blogged (you can search for Stories and Diaries that already cover this topic), though fresh original analysis is always welcome.
  4. Use the "Body" textbox if your diary entry is longer than three paragraphs.
  5. Any images in your posts must be hosted by an approved image hosting service (one of: imageshack.us, photobucket.com, flickr.com, smugmug.com, allyoucanupload.com, picturetrail.com, mac.com, webshots.com, editgrid.com).
  6. Copying and pasting entire copyrighted works is prohibited. If you do quote something, keep it brief, always provide a link to the original source, and use the <blockquote> tags to clearly identify the quoted material. Violating this rule is grounds for immediate banning.
  7. Be civil. Do not "call out" other users by name in diary titles. Do not use profanity in diary titles. Don't write diaries whose main purpose is to deliberately inflame.
For the complete list of DailyKos diary guidelines, please click here.

Please begin with an informative title:

Today's job report (BLS) should stick a fork in all the doomer hyperbole that seems to have a death grip over logic here recently.  The report (and especially the revisions) show an economy that is fairly strong (compared to the last 13 years) and definitely not near a decline.  The overall number was only +165k, but watch that get revised up substantially, as almost every single number has over the past 3 years.  The March revision (just the first one) went from that weak 88k up to 138k and February's final revision went up to 332k from 268k.  

Intro

You must enter an Intro for your Diary Entry between 300 and 1150 characters long (that's approximately 50-175 words without any html or formatting markup).

Of course, let's not forget that the labor force increased by 200k, and more importantly the "not in the labor force, but want a job" category declined by a whopping 300k last month.  

In unadjusted terms, the gain was actually +932k and the unadjusted unemployment rate went down to 7.1%.

Look for Q1 GDP to be revised higher as a result of this report and also look for the Q2 GDP estimates to pick up considerably now.  

I wouldn't be surprised to see another downward revision to our estimated deficits for the year as a result of increasing economic growth as well.

http://www.bls.gov/...

Extended (Optional)

Tags

EMAIL TO A FRIEND X
Your Email has been sent.