View Single Post
Old 06-04-10, 11:07 AM   #4
mookiemookie
Navy Seal
 
mookiemookie's Avatar
 
Join Date: Nov 2005
Location: Houston, TX
Posts: 9,404
Downloads: 105
Uploads: 1
Default

Looking at the pure numbers is fallacy. The adjustments and methodology they use in calculating NFP is very suspect - (see a takedown of one such instance of NFP monkeybusiness - the "birth/death adjustment" here: http://www.ritholtz.com/blog/2009/06...nt-goosed-nfp/). It's fairly worthless to take those numbers as an accurate and true count.

What to look for is overall trends in the numbers and dig a bit deeper than the headline stuff is screaming. An increase in hours worked is a good sign - it tends to be a leading indicator of the economy, as businesses will work their employees more hours before choosing to incur the expense of hiring new ones. We saw an uptick there. temp worker hiring is also a good indicator for exactly the same reason - you'll hire a temp you don't have to pay benefits to before hiring a full timer. That was an increase also. Wages also increased as well.

Or if you're a partisan hack, you can ignore all of that.
__________________
They don’t think it be like it is, but it do.

Want more U-boat Kaleun portraits for your SH3 Commander Profiles? Download the SH3 Commander Portrait Pack here.
mookiemookie is offline   Reply With Quote