Friday, August 07, 2009

Economics - Job Losses


Gudovac hesitates to post Economics here, but when the headlines are at variance with the data, he feels he must comment. 

A typical headline on today's jobs report was Good News In Jobs Report. This headline is misleading at best.

The data indicates otherwise. 

Calculated Risk and Shadow Stats track the underlying data.  They produce independent Buy Side reports which Owners would do well to utilize.   One chart from Calculated Risk should be enough to dispel any notion of Good News in today's Jobs Report.  This is reproduced above. 

Today's data indicates that Jobs continue to be destroyed at very high rates.  Job Destruction is close to a record as Calculated Risk's graph indicates. The downward slope of Job Destructions continues to be steep. 

Owners of Enterprises dependent on US (and European) consumer demand should recognize the extreme risk associated with this sector and act accordingly. 

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Don't Get Massacred !

Gudovac1941

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