The charade continues this Friday…………That's when the Labor Department will announce how many jobs it claims were lost in the US economy during December. The number is essentially worthless to anyone who really wants to know
what's cooking in the job market. But it is worse than worthless —
it's harmful — to policymakers who are trying to determine what to do
about things like interest rates and the latest incarnation of the
stock market bubble.
For the record, Wall Street thinks that
the department will report that no jobs were lost — zero — during
December. This comes after only 11,000 jobs were reported lost in
November, the first pleasant surprise in months for those who foolishly
care about these statistics. Read more: http://www.nypost.com/p/news/business/why_the_government_job_figures_won_SF8z4SR9LG0at4gQjNj5eO#ixzz0brgJRdNX
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Kelvin
http://onlinejob01.blogspot.com