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Friday, July 8, 2011

US jobs

The market is obvious taking a hit due to the headline number. I am not a fan of the report either, but for me the biggest take away was how the report does not jive with the retail and ADP data.

(report breakdown)

1. +57K private secotor

2. There is little record of growth for the auto hires (+0.9K) that took place. (Adds to the not jiving thesis)

3. Not a fan of the Ave weekly Earnings. It declined from $791.20 to $788.56.

The market has every reason to go down today. (Hopefully I can get back into IBM, GOOG and others with this move.  Remembering this is one piece of the equation. Its Global GDP that matters for stocks, not just US GDP.)

2 comments:

  1. I'm responsible for 15 out of the 57k. - G

    ReplyDelete
  2. nice. we just need to pin point the other 56,985 :)

    ReplyDelete