Loading ...If you had to make up unemployment number that would least move the market, you would have had the exact number that came out today. There was a net LOSS of 216,000 jobs to the economy this month (consensus was -230,000). Yet, somehow, this was supposed to be good news because it beat the consensus. The percentage of working Americans that are unemployed crept up to 9.7% of the population. Real unemployment numbers however is closer to 20% if you add those no longer receiving benefits and those who have given up looking for a job.
As a pure mathematician, this number tells me that the US economy is still shrinking at an alarming rate. Just be glad that you have the government pushing our future generations into debt. Oh, and who cares, second dirivative has been possitive for 6 months..
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