Saturday, October 6, 2012


What about those unemployment numbers?

The best summary, without spin, of the jobs report, that I could find is at:
I think the most important part of the report is:
Total employment rose by 873,000 in September, following 3 months of little
change. The employment-population ratio increased by 0.4 percentage point to
58.7 percent, after edging down in the prior 2 months. The overall trend in
the employment-population ratio for this year has been flat. The civilian labor
force rose by 418,000 to 155.1 million in September, while the labor force
participation rate was little changed at 63.6 percent. (See table A-1.)
I went to the Mall area earlier today, including T.J. Max and Menards and it seemed like there were more people waiting in line to purchase things than anytime in the last couple of years. All of the cash register's stations were busy and people were still waiting in line.  It reminded me of Christmas time. Three different businesses had "help wanted", one at Menards, signs on their door.  That's very anecdotal evidence but it seemed better than in years past for this time of the year.  I guess auto sales are going as well as anytime in recent history.  That makes sense with interest rates as low as they are.  It's good to see that working as it should.  It's good that house prices are increasing most everywhere.  I would imagine the low interest rates help in that area as well.

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