Bad news today on the whole from the government about jobs. After all is said and done, the BLS reported only 88,000 more non-farm jobs than the figure reported last month. The unemployment rate fell, but only because more people gave up looking for work. It is a really poor report. Even the figures of jobs supposedly created in just August (ignoring the revisions down to prior months) were not even as high as the expected numbers.
Of course, at the moment, the stock futures are way up because these results are likely to guarantee that the Fed will continue pumping money into the economy for a while longer. The economy limps along, the Fed keeps trying stimulus that is no longer doing much, the stock market goes up in response, and the bubble gets bigger.
Of course, at the moment, the stock futures are way up because these results are likely to guarantee that the Fed will continue pumping money into the economy for a while longer. The economy limps along, the Fed keeps trying stimulus that is no longer doing much, the stock market goes up in response, and the bubble gets bigger.
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