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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Broken_Clock who wrote (107944)	2/5/2010 12:05:28 PM
From: mishedlo	2 Recommendations Read Replies (2) of 116555

Jobs Contract Yet Again; Unemployment Rate Drops To 9.7% globaleconomicanalysis.blogspot.com In the continuing theater of BLS absurdities, the unemployment rate fell to 9.7% in spite of a 25th consecutive month of job losses. Some stopped counting at 22 months in November. However, I find November questionable. This month professional services contributed 44,00 jobs to the plus side, but 52,000 of them were part-time jobs. Amazingly a table below shows the number of part-time workers decreased by 849,000 from last month. Go figure. Moreover, the so-called 64,000 rise in November can be attributed to the seasonally adjusted hiring of 94,000 temporary workers. Here is a look at revisions .... Mish

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