parse not the economic data...
This is a very good explanation of the many various variable impacts
that the May jobs report shows U.S.
In the 1st article:
This is again a very well thought out examination of the underlying factors that can not appear obvious in these reports.
What this shows U.S. is that from the 1st of the year services have declined and manufacturing has climbed.
While these reports, as with the UI report yesterday, are extremely variable, we should remember that they are "polling numbers", unlike ADPs, which are their customers driven.
What is most distressing is the chart only hints at the next huge round of state and local govt cuts = police, fire, teacher, etc.
IF, as you suggest and we expect, both Census "retires" and govt job losses will flood the numbers and charts for the next 4 to 6 months, there is NO way that manufacturing gains will cover those losses.
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Unemployment Falls to 9.7 Percent, But Private Sector Job Growth Slows
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Why the May Jobs Report is Better—and Worse—Than it Looks
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JGB
04 Jun 2010, 18:10
While these reports, as with the UI report yesterday, are extremely variable, we should remember that they are "polling numbers", unlike ADPs, which are their customers driven.
What is most distressing is the chart only hints at the next huge round of state and local govt cuts = police, fire, teacher, etc. IF, as you suggest and we expect, both Census "retires" and govt job losses will flood the numbers and charts for the next 4 to 6 months, there is NO way that manufacturing gains will cover those losses.
04 Jun 2010, 18:10
This is again a very well thought out examination of the underlying factors that can not appear obvious in these reports.
While these reports, as with the UI report yesterday, are extremely variable, we should remember that they are "polling numbers", unlike ADPs, which are their customers driven.
What is most distressing is the chart only hints at the next huge round of state and local govt cuts = police, fire, teacher, etc. IF, as you suggest and we expect, both Census "retires" and govt job losses will flood the numbers and charts for the next 4 to 6 months, there is NO way that manufacturing gains will cover those losses.
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Unemployment Falls to 9.7 Percent, But Private Sector Job Growth Slows
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