What this chart should tell you is look for the old slider as in slide one past you.
If you think these numbers are not going to be revised upwards, well, there's probably not much we can do for you except say be sure to regularly take your meds.
With these numbers the Fed doves will be beside themselves as we recently posted earlier today in "The Muddle Thickens." Some of these monetary visionaries think interest rates are still too high.
Upward revisions are par for this Fed. And this one will be no exception. After nearly six years of zero interest rates, a smoking printing press and a balance sheet that's about as ugly as ugly gets, and you can only create 142,000 new jobs.
Hand me that pencil, the one with the big eraser.
August NFP = 142,000
This morning’s jobs report was surprisingly weak. The U.S. economy created only 142,000 net new jobs last month. We had a nice six-month streak of topping 200,000. That’s come to an end. The unemployment rate ticked down to 6.1%. If you break out the decimals, the unemployment rate was 6.14969 which rounds down to 6.1%. Less than 500 more unemployed would have pushed it up to 6.2%.
To see some interesting charts see the link below.
www.crossingwallstreet.com/archives/2014/09/august-nfp-142000.
No comments:
Post a Comment