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10.3.2014 JOBS DAY! Bookmark

We all know that the mid term elections are coming at us pretty quickly and it would make a lot of sense that they'd paint the tape ahead of those elections, so that the incumbents look like they're doing their jobs. So, we just got the jobs report, it came in at 248K. Not only that, the unemployment rate fell to 5.9%. That's the lowest since 2008. Right. Sure.  Wait it gets better. Remember last month where they were looking for 250K, but only got 148K?  Well that was revised up to 180K

Insiders Club - 10.3.2014 Bookmark


Are we ready for this?  That's right folks, it's jobs day, an event that comes once a month and often turns into something of a circus. Let me explain...

The economic cheerleaders like Zandi have been telling us how wonderful the economy is for about 5 years now. Last month they were talking in whispers about the US job market adding almost 300K jobs for the previous month. When the number hit, it didn't even make 150K, and of those, the BLS injected 102K via the "Birth/Death" model. Jobs that really don't exist.

So, until that hits, let's talk about a few other things....

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