ST Alpha - "April jobs +266k versus 1m expected. Unemployment up a tick to 6.1%. -- nm" (Reading a Post)

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April jobs +266k versus 1m expected. Unemployment up a tick to 6.1%. -- nm

Posted by znufrii May 7 '21, 05:44

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Responses:

The stock market seems unphased by the news. -- nm - Inigo May 7, 06:51 6
- Yup. Weak jobs means more cheap monetary policy, probably, which drives stocks up. -- (edited) - znufrii May 7, 06:57 5
  - LOTS of talk about the reasons behind on CNBC this morning: whether it's lack of opportunity or it's people reluctant to return to the workforce - Baron Nefcy May 7, 07:22 4
    - There is lots of reporting going on out there about people avoiding the workforce because of the high unemployment payments. I tend to be skeptical - pmb May 7, 08:06 3
      - There's definitely some that are not going to take some low paying job just to go back to work when UI is giving them more. My friend is one. - Krusty May 7, 08:24
      - Also under appreciated is the impact of the unavailability of regular child care and access to schools. -- nm - znufrii May 7, 08:21 1
        
        That is a huge complicating factor for sure. If your kids have nowhere to go during the day, you can't just leave them. -- nm - Baron Nefcy May 7, 08:34
Here comes stimulus check #4! -- nm - Mop May 7, 06:15 2
- How about an infrastructure bill? -- nm - ty97 May 7, 06:35
- Sweet! I can up my budget for a bike. ;-) -- nm - Krusty May 7, 06:27
Thanks Uncle Joe -- nm - decline May 7, 05:57
ouch -- nm - ty97 May 7, 05:57
Oof. -- nm - Inigo May 7, 05:49

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