Futures tick down on disappointing nonfarm payrolls data indicating double-digit unemployment is here for the first time in 26 years. Some profit-taking is likely in order after yesterday's across-the-board rally. Benchmark S&P futures -0.1% to 1056.
don't see how it was disappointing. Only lost a net 100K jobs. The Oct number will likely be decreased dramatically over the next couple of months. Now the unemployment rate is a joke. Shouldn't be jumping ..4% on 100K job losses.
Every month, as the unemployment numbers increase, the talking heads remind us that the number is a lagging indicator. So are my putts, but they sure don't improve my golf score.
> Now the unemployment rate is a joke. Shouldn't be jumping ..4% on 100K job losses.
Right, it is a jok e because 800K adjustment losses are currently not being included, and will be incliuded in March. What is it going to do to the official unemployement rate, do you think?
"Every month, as the unemployment numbers increase, the talking heads remind us that the number is a lagging indicator. So are my putts, but they sure don't improve my golf score."
This news story has 4 comments:
Right, it is a jok e because 800K adjustment losses are currently not being included, and will be incliuded in March. What is it going to do to the official unemployement rate, do you think?
"Every month, as the unemployment numbers increase, the talking heads remind us that the number is a lagging indicator. So are my putts, but they sure don't improve my golf score."
The Geoffster.