For those of you who may not have been paying attention Friday, we had another below consensus Jobs number. Drilling beneath the headlines, we see the data is actually more discouraging than it appears at first blush.
Note that as I write this, I expect the jobs issue to have little impact on my recent intermediate Bullish comments. If anything, it will be spun positively, rationalized into a convenient excuse for Mr. G and his band of merry fed Governors to continue their monetary "accomodation" and ongoing measured pace.
For those wanting a little analysis with their data, here’s a few recent comments and additional sources on the Employment situation and the Unemployment Rate:
This should keep the economic wonks busy for a few hours . . .