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Friday, March 9, 2012

Job number... pretty good

The employment data is pretty good. We are seeing what we want to see.

1. Total private employment increase of 233K. (Gov continues to reduce. This month by 6K.)

2. Temporary work spiked to 45.2. Could be a good leading indicator to future growth in the coming months.

3. Average weekly earnings continues to increase to $804.20.

4. Some interesting data interpretation: Average weekly hours worked has been flat for a few months at 34.5, while Average weekly earnings steadily increases.  More money for the hours worked could indicate more demand for employment.

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