Seeking Alpha

Tim Mazanec's  Instablog

Tim Mazanec
9 Followers
2 Following
Send Message
President and Founder of HedgeForward LLC which offers the Directional Trading System managed accounts program. The overall goal of the Directional Trading System is to achieve account appreciation by positioning in and trading the global markets using futures contracts. The global markets... More
My company:
HedgeForward
  • NFP Nsa 0 comments
    Jul 8, 2012 9:18 AM

    Charts tell the story. Bad reporting is for the beat writers.

    As measured by the BLS and removing their highly objectionable seasonal adjustments total employment in the US is headed higher. Currently we are back to about the Y2k levels.

    Of course there are approx. 25m (+/-) more people living in the US now as compared to 1999 so on a percentage basis fewer people are working (not shown).

    (click to enlarge)

    Taking a look at the NSA data on a rolling 3/mo basis and then comparing that year over year job creation has been scant, actually negative on net basis the last 3 months. Besides the rebound in 2009/2010 from the bottom the overall hiring has been anemic during the last 4 years.

    (click to enlarge)

    A closer look shows that the last 3 months have seen a loss of net jobs in the US. If anything we were in better shape this time last year heading towards Autumn.

    (click to enlarge)

    Conclusion: No spinning from the left to try to get someone reelected can hide the fact that the latest NFP report was poor.

    This report is for your information only and does not constitute investment or business advice or any offer to buy or sell securities.

Back To Tim Mazanec's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

Latest Comments


Most Commented
  1. Cap. U. & FOMC (1 Comment)
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.