Skip to comments.Suddenly, a Sharp Deterioration in the Job Market
Posted on 02/19/2012 4:58:37 PM PST by Kartographer
Over the years, the Philly Fed employment index has shown a strong correlation with the BLS jobs report, and Ablin estimated that based on it, only 50,000 new jobs were created, a far cry from the 243,000 in Januaryfictual or not. This and the nasty mid-month unemployment number from Gallup revive an odd idea: has the ECRIs much ridiculed recession call been right all along?
Unless the BLS can figure out how to statistically adjust its next set of data and estimates to relegate any negative elements to blissful oblivion, there will be disappointment. And it will slam into lofty expectationswhich may cause the stock market to, well, spike because, in these crazy times of ours, QE3 with all its wondrous, illusory, and ineffectual magic will suddenly reappear on the table.
(Excerpt) Read more at zerohedge.com ...
I'm pretty sure it was more of a case of "ageism" than "racism".
Probably the way to go. I’m impressed that you and your wife took the initiative rather than sitting around waiting. Best of luck in your business.
We need exactly this to turn the country around.
We did the same thing eight years ago, never looked back and no one owns us!
Or maybe Fictional?
Includes a comment by U.S.S. Clueless blogger Steven Den Beste.
The 0bama regime has developed a method of calculating the number of unemployed - if a group becomes, or remains, unemployed, quit counting them! That way Hussein and his hooligans can show improvement without a single new job being created.
Does zerohedge ever report on any positive economic news???
Well not that I know of since Bammy was elected.
You filthy, greedy Capitalist. /sarc
I've seen a boatload of folks pad their resumes with skills they didn't have, but it's getting really bad when they demonstrate lack of skill-sets and still expect to get hired. Possibly a consequence of the entitlement generation, but just as likely the result of so few jobs available in this "booming" economic recovery. Good luck.
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