The chart above is from the latest employment report. Last year in the Spring, it looked as though we were getting escape velocity. Then we were hit by Japan's problems, high oil and EU. This year, we have just the EU, which is more than enough trouble.
Also note the declining nature of the overall employment situation.
3 comments:
Gold and the jobs report: If you only knew the power of the dark side
http://whataboutmarx.blogspot.com/2012/06/gold-and-jobs-report-if-you-only-knew.html
Well, we had oil this spring as well.
It didnt go as high as last year, but I think that had a restricting effect as well.
I'm sure NDD will have more this tomorrow, but it does seem like the oil choke collar has loosened and so hopefully that helps growth going forward
We Also have the Declining BRIC's which is bad as well.
Hopefully the Fed moves in with QE3, because Congress is not going to do anything
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