Economic Reports 01/05/07
Summary: Non Farms Payroll juiced by seasonal hiring and the ministry of disinformation's propaganda that wage's are "on the rise" again, causes a market scare.
Non Farms Payrolls Dec +167K vs prior revised up +154K Full Report
Inside the number: Temporary seasonal hiring juiced the number. Unemployment steady at 4.5%.
0.5% increase in hourly earnings and 4.2% rise in wages over the last 12 months, twice the rate of "advertised" inflation, thats scary, boo!!!
With debauchery via money supply increase taking 10% annual & actual inflation running 10% annual, that is 20% annual erosion on your cash holdings. We find the data's assertion's and markets reaction laughable.
More importantly, construction jobs -16K, manufacturing -12K (6th straight decline). In the past year, factory jobs -72K & retail -58K.
What jobs are being created?? Imported H1-B Visa healthcare workers +31K, annual +324K, Food Service Mc Jobs +23K, annual +304K.
Non Farms Payrolls Dec +167K vs prior revised up +154K Full Report
Inside the number: Temporary seasonal hiring juiced the number. Unemployment steady at 4.5%.
0.5% increase in hourly earnings and 4.2% rise in wages over the last 12 months, twice the rate of "advertised" inflation, thats scary, boo!!!
With debauchery via money supply increase taking 10% annual & actual inflation running 10% annual, that is 20% annual erosion on your cash holdings. We find the data's assertion's and markets reaction laughable.
More importantly, construction jobs -16K, manufacturing -12K (6th straight decline). In the past year, factory jobs -72K & retail -58K.
What jobs are being created?? Imported H1-B Visa healthcare workers +31K, annual +324K, Food Service Mc Jobs +23K, annual +304K.
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