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5.8.2016 - Financial Intelligence Report Bookmark

Who is Kidding Who?

On Friday we got the non farm payroll report. On the first Friday of every month we get a reading concerning the prior months job hiring’s.  They discuss the breakdown of where the jobs came from, the sectors, the pay changes, etc. It really is a deep report.

Well, this month the spinner head economists were all on board for the economy to have created 205 – 220,000 jobs.  Well, at 8:30 am, we got the results and it was a “swing and a miss”.  According to OFFICIAL Government bean counters, we got 160,000 jobs.  So right off the bat, the “experts” missed the estimates by about 24%.  In any other profession other than weather forecasting, they’d be fired.

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