Those much awaited non-farm payroll numbers are out and out with them are the requisite spin masters.Unless they're buried purposely several paragraph deep in the story, you won't find these points noted.
Here's are some examples.
Factories cut payrolls by 14,000, the most in three months. Employment at construction companies fell for the fourth time in the last five months
Those counted as not in the labor force increased by 58,000 to 94.4 million.
The unemployment rate for those without a high school diploma jumped from 6.3 percent in July to 7.2 percent. Does this include some guesstimate of illegals without high school degrees?
The 5-month average in employment is only 58,800.
The bulk of the job additions were in the lower--paying class.
Many of the actual jobs created are of the restaurant and bar keep variety.
Here's a quote that we find laughable. "This mixed jobs report puts the Fed in a tricky situation. It's not all around strong enough to assure a September interest rate hike. But it's solid enough to engender a heated policy discussion," said Mohamed el-Erian, chief economic adviser at Allianz, in Newport Beach, California.
Heated debate is the last thing this group of what many now believe and are saying is incompetent needs or is capable of. This Fed has been in a tricky situation almost since day one. This are no signs they will suddenly wake up and get it. Below are some interesting charts from two sites:
mishtalk.com/2016/09/02/jobs-151k-private-126k-employment-97k-september-hike-off-the-table
zerohedge.com/news/2016-09-02/where-august-jobs-were
Here's are some examples.
Factories cut payrolls by 14,000, the most in three months. Employment at construction companies fell for the fourth time in the last five months
Those counted as not in the labor force increased by 58,000 to 94.4 million.
The unemployment rate for those without a high school diploma jumped from 6.3 percent in July to 7.2 percent. Does this include some guesstimate of illegals without high school degrees?
The 5-month average in employment is only 58,800.
The bulk of the job additions were in the lower--paying class.
Many of the actual jobs created are of the restaurant and bar keep variety.
Here's a quote that we find laughable. "This mixed jobs report puts the Fed in a tricky situation. It's not all around strong enough to assure a September interest rate hike. But it's solid enough to engender a heated policy discussion," said Mohamed el-Erian, chief economic adviser at Allianz, in Newport Beach, California.
Heated debate is the last thing this group of what many now believe and are saying is incompetent needs or is capable of. This Fed has been in a tricky situation almost since day one. This are no signs they will suddenly wake up and get it. Below are some interesting charts from two sites:
mishtalk.com/2016/09/02/jobs-151k-private-126k-employment-97k-september-hike-off-the-table
zerohedge.com/news/2016-09-02/where-august-jobs-were
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