Friday, December 03, 2010

Who screwed up the Jobs Report, Boner? Of is Wall Street simply seeing a 'change of horse in midstream' and pulling back? Hm.

Could be a change in paradyme has stalled the economy 'seasonally.' 

Let's see.

...Viewed in isolation, (click title to entry - thank you) the report might dash holiday cheer and raise new doubts about the strength of the economy's recovery from the worst downturn in 70 years. However, many analysts were skeptical that the Bureau of Labor Statistics survey was accurate in light of a stream of recent reports showing vitality reviving in retail and auto sales, consumer confidence, manufacturing and even private surveys of job creation....

The auto business may be doing well, but, it is only recently that GM began to open facilities and hire people, so that would be a delayed response to 'the news.' 

I know this is going to sound strange, but, a shift in paradyme is sometimes met with a 'transition' slow down.  In other words, the economy is growing, but, hasn't received a full head of steam and the COLLAPSED economy of 2008 is still diminishing in size.  I don't believe the 'new economy' has surpasses the collapse yet and one has to realize this is NOT a negative number of jobs even if very small.

...The Bill pleased the renewable energy and environment sector because of the inclusion of $490 million to fund training programs for green workers from all walks of life. It created various green jobs such as organic farming, recycling, manufacturing green products and even green school teaching. It also produced renewable energy jobs like solar installer, wind turbine installer, wind energy technician and energy retrofit installer....

U.S. Economy Grew 2.5% in Third Quarter, Revised From 2%Published: 11/23/2010 4:15:18 PM    By:, BloombergReal consumer spending increased at a 2.8% annualized clip, the faste 

I sincerely believe the economy is very complicated with a sincere shift in econoimc paradigms and then there was the 2010 elections which are completely bizarre and it has had to made a negative impression no investors.  The people elected in The Tea Party are unfamiliar to investors.  Scary stuff. 

...On Thursday, the four-week average for first-time jobless claims fell to 431,000, the lowest it had been since September 2008....

The Tea Party candidates hate government and want to defund the entire federal structure.  That has got to send chills down the spine of investors.  The nation has seen these small  'private sector' numbers before.

...The ADP National Employment Report, which measures payroll data, showed Wednesday that 93,000 new private-sector jobs were created in November, 54,000 of them in small businesses, which national surveys often overlook....

Investors don't want the rug pulled out from under them if there is going to be defunding of the federal government and there are mass numbers of unemployed.  That would definately slow the economy.  So all the hostile RHETORIC doesn't really instill confidence, if anything it makes it worse.  That's way tax cuts are simply not going to work if the weatlhy are going to 'save' rather than invest, which they will as they always have.

...Friday's poor numbers were even more striking when measured against a BLS revision that showed employers had added 172,000 jobs in October, not the 151,000 first reported last month. September and October reports were revised upward by a combined 38,000 new jobs....

I find it really interesting how complete amateurs simply LASH OUT at reports that are produced to assit analyists without knowing what the hell they are saying.

Okay, this is starting to make a little bit of sense now.  Remember how in 2009 there were no loans for small businesses after Wall Street was bailed out?  Yes?  Well, it was only recently loans became available THROUGH THE INITIATIVES OF THE OBAMA AND DEMOCRATIC ADMINISTRATIONS for the small business sector.  Well.  Guess what happened in Novermber?


You don't know?

I see.

Allow me.

U.S. private sector job growth highest in 3 years-WRAPUP 2 (click here)

It has been a long time since there has been such a young family in the White House.

This is our First Family in The Green Room.  While I am confident President Obama would like to be with the troops far closer to the holidays than today, he has a wonderful family that needs him at home for Christmas.  If there is any gift we could give the troops for Christmas, it would be to bring them home, unfortunately, not this year.

I wish the Commander and Chief, his family and our troops the best the holidays have to offer.  We can only hope to improve that happiness in the future by a nation injured and trying to heal.

"I know it's not easy for all you to be away from home, especially during the holiday," Obama told a crowd of nearly 4,000 troops at Bagram Air Base. "We are here to say thank you for everything you do."