U.S. Economy Not Nearly as Strong as Payrolls Suggest – Ep. 59

U.S. Economy Not Nearly as Strong as Payrolls Suggest – Ep. 59


* February Non-Farm Payrolls Number - 295,000 jobs
* Unemployment down 5.5%
* Analysts were expecting a miss
* Dollar at a new high
* Productivity dropped 2.2%
* Factory orders fell for the 6th consecutive month
* Economic data points only seen during recessions
* The Dow closed down - NASDAQ down more
* Labor force participation rate is down
* Average hourly earnings flat
* Number of people not in the labor force at an all-time high
* Increase in jobs represents people working more than one jobs
* 45% of the 295,000 jobs are assumed to have been created by optimistic government statisticians
* Disconnect between the weak GDP and the jobs numbers
* Consumer credit declined, indicating the consumer is struggling
* It's a good time to take advantage of the strong dollar and invest abroad
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Jaksot(1097)

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