The jobs report
After scrubbing their figures, the Bureau of Labor Statistics was able to find 90,000 jobs in August - thereby reversing the negative job growth they had reported. That may go on record as the biggest swing.
http://www.bls.gov/news.release/empsit.nr0.htm
Meanwhile, September grew by 110,000 jobs.
Growth came in:
Leisure - 35,000
Education - 44,000
Professional services -21,000
Government - 37,000
Losses were in
Retail - 5,000
Lending - 47,000
Manufacturing - 14,000
Construction - 33,000
A few thoughts
* High paying jobs going away, low paying jobs emerging - almost half of the increase were jobs for teenagers.
* Seasonality - One wonders how the back-to-school season drove up Education figures and won't be repeated
* Reail is dying
* Blue collar jobs disappearing
I don't believe these figures considering that many layoffs have yet to occur. Countrywide, for example, announced 12,000 layoffs.
So fasten your seat belt - I see next month's numbers falling
http://www.bls.gov/news.release/empsit.nr0.htm
Meanwhile, September grew by 110,000 jobs.
Growth came in:
Leisure - 35,000
Education - 44,000
Professional services -21,000
Government - 37,000
Losses were in
Retail - 5,000
Lending - 47,000
Manufacturing - 14,000
Construction - 33,000
A few thoughts
* High paying jobs going away, low paying jobs emerging - almost half of the increase were jobs for teenagers.
* Seasonality - One wonders how the back-to-school season drove up Education figures and won't be repeated
* Reail is dying
* Blue collar jobs disappearing
I don't believe these figures considering that many layoffs have yet to occur. Countrywide, for example, announced 12,000 layoffs.
So fasten your seat belt - I see next month's numbers falling
posted by Andrew at
9:00 AM
2 Comments:
I was following CTSH & INFY and both gained about 10-15% since my last post. But the Indian stock market at all time high and the data released by the central bank showed that India's money supply growth quickened...so the increase in money supply may fuel inflation and that will deter interest rates from falling. Looks gloomy...
I think that both companies have a long run ahead. It's a valuation question mostly, and secondarily the Indian rupee.
These companies have quite a few more tricks up their sleeves.
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