When the May jobs report came out with 2.5 million jobs added a drop in unemployment to 13.3%, I told several friends the numbers seemed implausible. It appears I might have been right. The Department of Labor’s Bureau of Labor Statistics survey takers mistakenly misclassified about 4.9 million people as employed, although they were unemployed.…
As noted earlier, today’s payrolls report was a far stronger than expected 128K (exp. 85K), even with the negative impact of the GM strike and the unwind of census hiring, which subtracted 41,600 and 20,000 workers from the headline print. In any case, October marked the 109th straight month of U.S. job growth, the longest…
The nation’s unemployment rate sank in April to the lowest rate since December 1969, but the milestone comes with a big caveat: The decline stemmed from more people quitting their search for work. The jobless rate slipped to 3.6% last month from 3.8% in March, continuing a long downward arc from a 27-year high of…
Here’s your economics quiz for the day: Question 1– What do you think would happen if you put $3 trillion into the financial system? a–Stock prices would rise b–Stock prices would fall c–Stock prices would stay the same Question 2– What do you think would happen if you put $3 trillion into the economy? (Via…
With Gold and Silver Prices Smashed Through Significant Levels After the London Close This Afternoon [Friday 12, 2016], Craig Hemke Analyzes the Brutal Take-Down: Gold and Silver Absolutely SMASHED – Timing Suggests Tightness in London Physical Market Price Manipulation is like Pornography – Its Hard to Define, But You Know it When You See It,…
WAKE UP AMERICANS…. You’re Invested In Soon To Be Worthless Paper Assets: From SRSRocco: A SERIOUS CRACK appeared in the markets today. This was due to the lousy payroll report of only 38,000 new jobs for May. The market expected 160,000 new jobs, but it turned out to be more than four times less…. This…
Brazil’s Revolution Against The Corrupt NWO Widespread anger is targeted at Dilma Rousseff as the country grapples with recession and a major corruption scandal. More than a million Brazilians have joined anti-government rallies across the country, ramping up the pressure on embattled president Dilma Rousseff. Already struggling with an impeachment challenge, the worst recession in a…
Author : Andrew Hoffman Published: October 5th, 2015 There are many ways I could start today’s “jobs Friday” post-mortem – which in hindsight, may serve as the final dagger in the heart of U.S. “recovery” propagandists. Of course, said “recovery” never was – with the only way the Fed has been able to pretend otherwise…
Hours ago, it was revealed that Deutsche Bank is set to fire some 23,000 people or around a quarter of its workforce. The move comes as new CEO John Cryan works to cut costs and boost profitability after the bank’s co-CEOs Anshu Jain and Jürgen Fitschen were shown the door as investors became impatient with…
National Debt Increased by $8 Trillion During Obama’s Term: Destroys Middle Class America Who The Hell Is Running This Country? 15 Signs That Layoffs And Job Losses Are Skyrocketing! General Electric Makes New Lear Jet In Mexico Where Unemployment is 4.9%: U.S. Taxpayers Bailed Out G.E. For $182.5 Billion. Thanx G.E.
