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Friday, April 1, 2011

Job report... its okay

The non-farm payroll was nice.

Total private job created: +230K (nice)

Ave weekly earnings: saw no change. (This is interesting, and seems inconsistent. With the increase in the job number I would figure the weekly earnings would increase as well. I will dig in on this over the weekend. Maybe it has something to do with how the number is reported.)

More jobs should mean more people make money. This is why I put more emphasis on the weekly earnings number.  Based on how I understand the report right now, this is telling me the jobs that were created did not produce a higher earnings power.

The inconsistency makes me think the report was 'ho-hum'. (But since I am not an economist, my perception maybe my lack of understanding of how the ave weekly earnings number is reported. So I have to look into it more.)

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