Posts filed under “Economy”

110k Jobs: Fugly

FUGLY.

That’s the only word to describe the stinkeroo released by BLS at 8:30 am.

Non-farm payrolls grew by a mere 110,000 last month — that’s the weakest
performance since July 2004. Note that the economy requires about 150k/mo just to keep up with population growth. So this was not only weak — it was step backwards.

Revisions were also negative: January revised downward to  124,000 jobs (from 138k), while February’s data was lowered to 243,000 from 262,000.

Given yesterday’s New Unemployment Claims, I find the drop of two-tenths of a percentage point (from 5.4% in February) in Unemployment
rather curious.

All told, a giant stink bomb.

Category: Economy

Monster Jobs: Military, Mining, Forestry

Category: Commodities, Economy

Recession Predictions

Category: Economy, Markets

Aussie Home Prices Plunge

Category: Economy

Parsing The Fed

Category: Economy

Household Debt At Historical High

Category: Economy

Chart of the Week: Leading Indicators Trend Downwards

Category: Economy, Markets

Risk is on the Rise

Category: Economy, Markets

Is the Consumer’s Ability to Keep Spending in Danger?

Category: Economy

No Goldilocks Economy

Category: Economy, Markets