"The September Report
Every aspect of the labor market in September was negative. The labor force participation rate fell to 65.2 percent, the lowest point of this recession and the lowest rate in 25 years. The unemployment rate increased by only 0.1 to 9.8 percent, but the unemployment rate would have been higher had 571,000 not left the labor force. The male unemployment rate reached 10.3 percent, the highest level since the Great Depression."
Heritage Foundation Employment report DO you realize that over 5 MILLION Americans have been searching for jobs over 6 months? and cannot find jobs?? WHAT FING RECOVERY DOES THE MKT SEE? IN WALLSTREET LINING THEIR OWN POCKETS?
Before I go on, action today was intersting, especially the fallback in the SPX only to gather itself into the close. I cannot comment further, it is what it is, a market that divests itself from all reality is a dangerous market....when a int rate hike in Australia ignites buying....like all is well all aint well.
Household survey shows 1.3 million jobs dissaperaing last 3 months. Employment situation is worst since great depression. WHERE IS THE SIGN OF RECOVERY if workweek shrank back to historical low 33.o reading?
Something else is afoot IMHO, if we can't fix the economy we'll rig the market.....great
D
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