NOTES TO THINK ABOUT:
1. Earthquakes are developing to hit anywhere in the world ... (this message was supposed to be posted here yesterday morning, CA, USA--pacific time.)
2. Jobs are going away or more lay-offs to come...
3. A new Internet virus shall come out...
1 comment:
June Jobs Report: the Ugly, the Ugly and the Ugly
By Daniel Gross | Contrary Indicator – Fri, Jul 8, 2011 9:21 AM EDT
If Hollywood were to make a film about the June jobs report, it would be called The Ugly, The Ugly and The Ugly.
Typically, the monthly jobs report contains some good news, some bad news and some ugly news. And optimism had been building over the June figure, in part because alternate methods of measurement had indicated higher jobs growth. TrimTabs earlier this week said its data indicated the economy added 171,000 new jobs in June, while ADP on Thursday suggested 157,000 private-sector jobs had been added in the month. Add in the slight decline in unemployment claims, falling gas taxes and good preliminary news on retail sales, and there was some hope that the soft patch of April and May was over. This morning's ugly, ugly, ugly jobs figure throws a large bucket of ice-cold water on that thesis.
http://finance.yahoo.com/blogs/daniel-gross/june-jobs-report-ugly-ugly-ugly-132111747.html
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