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Don't be fooled by the glowing jobs report today, says CNBC's Larry Kudlow. Yes, payrolls rose...

Don't be fooled by the glowing jobs report today, says CNBC's Larry Kudlow. Yes, payrolls rose by 163K in July, but the devil's in the details. For one, the small-business household survey dropped 195,000. That’s what drove the unemployment rate up to 8.3%. Add the labor force shrinking by 150K, the participation rate slipping to 63.7% and the overall U-6 discouraged-workers unemployment rate increasing to 15%, and that pretty much cancels out any better-than-expected rise.
Comments (6)
  • Tom Armistead
    , contributor
    Comments (5357) | Send Message
     
    Troll bait.
    3 Aug 2012, 05:05 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    THAT was a glowing report? LOL!
    3 Aug 2012, 05:09 PM Reply Like
  • Donald Johnson
    , contributor
    Comments (463) | Send Message
     
    Mutual fund and other money managers are so eager to generate fees that they rush into stocks on the slightest pretext. Then Larry Kudlow and other economists come along and warn that the numbers aren't so encouraging, manufacturing is slowing, Ford and GM are looking weak and Cummins isn't that optimistic, even if CAT still is working off its two-years + order backlog.
    3 Aug 2012, 05:10 PM Reply Like
  • Paul Nelson
    , contributor
    Comments (225) | Send Message
     
    Larry Kudlow is an economist-stop, I am getting stomach cramps! How did he lose his job at Bear Stearns-how does he keep a show on cnbc that nobody watches? Who would care what his opinion is!
    3 Aug 2012, 05:20 PM Reply Like
  • rambler1
    , contributor
    Comments (463) | Send Message
     
    Since when does he have a negative comment. He usually tries to put a positive spin on everything. Oh, when the elections are coming and he wants Obama out.
    3 Aug 2012, 09:48 PM Reply Like
  • Hendershott
    , contributor
    Comments (1558) | Send Message
     
    The payroll is the only number anyone cares about.
    3 Aug 2012, 08:13 PM Reply Like
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