Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

Copyright Notice

Everything that appears on this blog is the copyrighted property of somebody. Often, but not always, that somebody is me. For things that are not mine, I either have obtained permission, or claim fair use. Feel free to quote me, but attribute, please. My photos and poetry are dear to my heart, and may not be used without permission. Ditto, my other intellectual property, such as charts and graphs. I'm probably willing to share. Let's talk. Violators will be damned for all eternity to the circle of hell populated by Rosanne Barr, Mrs Miller [look her up], and trombonists who are unable play in tune. You cannot possibly imagine the agony. If you have a question, email me: jazzbumpa@gmail.com. I'll answer when I feel like it. Cheers!

Friday, November 2, 2012

The Employment Report

I just left this comment at CI, and am posting it here as a hedge against deletion.

As Spencer reported at Angry Bear:

"The unemployment rate ticked up from 7.8 to 7.9.  But this may actually be a bullish development because it stemmed from a 578,000 jump in the labor force.  A large increase in the labor force may mean that people are more optimistic about employment prospects and are rejoining the labor force."


Per Calculated Risk;

"This was another encouraging employment report. The 171,000 payroll jobs added in October, plus the 84,000 in upward revisions to the August and September reports, suggests decent job growth recently."

'Not all the news is good. U-6, an alternate measure of unemployment, only declined slightly to 14.6%. The average workweek was unchanged and average hourly earnings decreased slightly."

Employment/population ratio up slightly.

Number of part time worker for economic reasons declined.

Unemployed over 26 weeks declining sharply.


Not a stellar report, to be sure, but I don'tt see any good reason to emphasize the negative.



nanute said...

As of right now, your comment does not show up. It's not a good reason, but if your hoping that Obama loses on Tuesday....

Stagflationary Mark said...


Not a stellar report, to be sure, but I don'tt see any good reason to emphasize the negative.

I do. Here's a chart I made today to show why.

November 2, 2012
The Great Employment Buckling

That said, I'm not blaming Obama any more for it than I would blame the last straw on a camel's back though.

Jazzbumpa said...

It's 11:15 pm EDT. I just checked and my comment is still awaiting moderation.

Maybe they go out for a beer on Friday.

Not a bad idea, actually.


Jazzbumpa said...

the last straw on a camel's back though.

Well played, sir!


Jazzbumpa said...

I see now it is posted.