Everyone is gnashing their teeth this morning because the unemployment rate jumped to 5.5%. But, they seem to be ignoring the other numbers. Yes, there was a shrinkage in non-farm payrolls. In May the job rolls shrank by 49,000 jobs.
BUT…
The expectation was a reduction of 60,000 jobs and the unemployment rate would be 5.1%
We had [...]
Continue reading about Good News in the Unemployment Numbers
We’ve all read it in the various materials and heard them say it at seminars. Who is “them”? The gurus.
How many times have you read or heard someone say, “The best way to make money is in real estate! It is how the rich really do it! Look at Donald Trump, that is how he [...]
That is the first time in over 4 and a half years the number of non-farm jobs in the US has declined and it was totally unexpected by the pundits.
But, wait, there’s more! as they might say…
Wages also fell during that time. That is actually good news because it signals inflation pressure may ease in [...]
Continue reading about US Non-Farm Payrolls Shrank by 17,000 Jobs in January.
The unemployment number for December jumped to 5% from 4.7% in November. Non-farm payroll increased by only 18,000 jobs which is essentially a wash. Meaning about as many jobs were lost as added in December. Remember, these are lagging indicator meaning, the fundamentals in the economy caused the drop in jobs growth, the drop in [...]
Continue reading about Unemployment Numbers Take a Big Jump Up
I’m going out on a limb here but I really do think when the dust settles and the hindsight clears this quarter will mark the start of the recession.
I had hopes it could be averted and I still have hopes it can be minimized but I am a realist.
When the Fed dropped the rates 50 [...]
Continue reading about We Are Already In A Recession, We Just Don’t Know It Yet.
This is a soft number, the expectation was about 130,000.
But, grow is stable and the overall unemployment number is still relatively stable at 4.6%.
Based on this the Fed is not likely to change the overnight rate.
Many are still calling this a Goldilocks situation. To a large degree they are right.
The jobs numbers continue to be [...]
Continue reading about July Job Numbers 92,000 Below the Expectations
ADP is a payroll service provider and they routinely survey small to mid sized employers to get an idea of the job market.
Today, they released their latest survey showing an increase of 150,000 jobs in June in the private sector. This does not include any job increases in government. This was much higher than expected.
While [...]
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