Jobs Report: Behind the Numbers- Daniel Gross, Y! Finance
The metrics in the report, particularly from the household survey component, remain pathetic: an unemployment rate of 9.1 percent, 6.2 million people employed for more than 27 weeks, an employment-population ratio at an anemic 58.3 percent.
"better than expected" sure......Some segments are being percolated by historic low rates, but even worse than 2003-2007 the effect on avg American is miniscule and a jobless recovery it is.
Under the conditions I montior, I cannot see this as a continuation of BULL MKT, but more a bounce in a new Bear Mkt, I am hoping I am wrong. But under the numbers, the hype and daily news related rallies is a whole heap of PAIN.
D
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