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  • How Job Creation Actually Totaled 787,000 [View article]
    "this still produces excellent economic growth but the market will take time to adjust to this reality."

    Bingo...numbers were good for GDP,personal income and corporate profits...lousy for unemployed....
    Jun 4, 2010. 05:44 PM | 5 Likes Like |Link to Comment
  • Yes, the paltry number of new private sector jobs was weak, but the report contained some positive signs for the future. Gains in average workweek and temp jobs point to stronger employment growth ahead, and expectations for wage growth were well surpassed. Besides, recoveries don't move in straight lines.  [View news story]
    Did you know if the wage gain was 5% instead of 7%....the private payroll number would have been +250....good numbers for GDP,
    corporations,personal income...lousy for unemployed...
    Jun 4, 2010. 05:41 PM | 1 Like Like |Link to Comment
  • Envisioning Employment: May 2010 [View article]
    Yes the out of work are getting screwed....those with work saw their
    hours increased and their pay actually go up so aggregate numbers
    are not as bad as headline but this number did nothing for the out of
    work or unemployed.
    Jun 4, 2010. 01:23 PM | 7 Likes Like |Link to Comment
  • May Employment Report Indicates Economy in Trouble [View article]
    So is nominal GDP going to decline ???
    Jun 4, 2010. 11:35 AM | Likes Like |Link to Comment
  • The Hungarian Plunge [View article]
    Hungary's GDP is 1.1% of Eurozone"s GDP....
    Jun 4, 2010. 10:55 AM | Likes Like |Link to Comment
  • May Nonfarm Payrolls: +431K vs. +536K expected, +290K in April. Unemployment 9.7% vs. 9.7% expected, 9.9% prior. It's the biggest monthly increase since March 2000.  [View news story]
    To get a double dip we need year over year M1 to be less than year over year CPI....
    Jun 4, 2010. 09:42 AM | 1 Like Like |Link to Comment
  • May Nonfarm Payrolls: +431K vs. +536K expected, +290K in April. Unemployment 9.7% vs. 9.7% expected, 9.9% prior. It's the biggest monthly increase since March 2000.  [View news story]
    The positive economic feedback loop is so important...corporations
    will do well but with no job growth and we will have to worry about deflation...a lot of moving parts or should i say not moving parts....
    Jun 4, 2010. 09:24 AM | Likes Like |Link to Comment
  • May Nonfarm Payrolls: +431K vs. +536K expected, +290K in April. Unemployment 9.7% vs. 9.7% expected, 9.9% prior. It's the biggest monthly increase since March 2000.  [View news story]
    Only good news aggregate hours for private workers went up and
    overtime but we are going to need employment to get the oomph.....
    Jun 4, 2010. 08:47 AM | 3 Likes Like |Link to Comment
  • May Nonfarm Payrolls: +431K vs. +536K expected, +290K in April. Unemployment 9.7% vs. 9.7% expected, 9.9% prior. It's the biggest monthly increase since March 2000.  [View news story]
    Where does GDP go from here???
    Jun 4, 2010. 08:41 AM | Likes Like |Link to Comment
  • May Nonfarm Payrolls: +431K vs. +536K expected, +290K in April. Unemployment 9.7% vs. 9.7% expected, 9.9% prior. It's the biggest monthly increase since March 2000.  [View news story]
    Ugh....
    Jun 4, 2010. 08:34 AM | 1 Like Like |Link to Comment
  • Double-Dip Ahead? [View article]
    Also track the year over year change in M1 minus CPI.....
    Jun 4, 2010. 07:52 AM | 1 Like Like |Link to Comment
  • If you want a double-dip, go to Carvel, Daniel Gross writes. The biggest impediment to the recovery is "residual bearishness" and the resulting crisis of confidence. "Since this recovery began in the spring of 2009, it has been widely disbelieved and dismissed. Fretting about the double-dip is as much about where we've been as where we are."  [View news story]
    No inverted yield curve...no double dip
    Jun 3, 2010. 05:50 PM | Likes Like |Link to Comment
  • Goldman Sachs' (GS) Jan Hatzius raises his U.S. payrolls forecast to +600K, from 500K - though that's because he thinks the government hired 100K more census workers than expected, and he holds the private sector hiring estimate at 150K. Economists in Bloomberg's survey expect payrolls boosted by the census to rise by 523K.  [View news story]
    Look at household survey...better yet a 3 month moving average of
    the household survey....
    Jun 3, 2010. 01:27 PM | Likes Like |Link to Comment
  • May ISM Non-Manufacturing Index: 55.4 vs. 56 expected and 55.4 prior (>50 denotes expansion). Prices index fell to 60.6 from 64.7. Employment rose to 50.4 from 49.5. New orders fell to 57.1 from 58.2.  [View news story]
    Best Business activity number since April 2006.....250,000 Private
    Payrolls???
    Jun 3, 2010. 10:09 AM | 4 Likes Like |Link to Comment
  • Initial Jobless Claims: -10K to 453K vs. 455K consensus. Continuing claims +31K to 4,666,000.  [View news story]
    Aren't you glad I left out the positive news I saw.....
    Jun 3, 2010. 09:15 AM | Likes Like |Link to Comment
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