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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Oblivious who wrote (71892)	2/10/2007 9:30:20 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

Sorry- I was following a set of posts from last night so if you came in in the middle its probably incomprehensible! A poster was saying the job market was at a major peak because "job postings" were at an all time high. I am disputing anyone that thinks the US job market is healthy. I do not think it is healthy. The only metrics that really matter in US jobs tracking are new jobs created- this comes out monthly and we need something over 150K jobs/month to hold at steady state- and avg wages. Both of these metrics are flailing. Its not like we are creating the -100K jobs that we were in 01/02, but otoh we can't get a steady robust jobs creation climate going either. Same with wages- flat or declining and always under inflation. The jobs bulls always quote jobless claims or some other number like this "new jobs postings" that is statistically irrelevant - we have jobs metrics already right there on the BLS site. Anybody can see where we are and it is NOT GOOD. FWIW I have a friend who is in adminstration at Harvard business school. She says that this entire decade has been a bust for new MBA graduates. Worse than the 80s and nowhere close to the 90s. White collar jobs are in a world of hurt, and those are the people that BUY STOCKS.