Friday, December 6, 2013

Jobs Report Slays Bears........................... Hardly

The jobs report shows continued gained. However and like I showed previously (thanks to analysis by MISH) the establishment data is skewed. Although the household data also showed gains, the rate of change of the rate of change in the number of employed persons continues to be highly negative. Although the's video below lays out how the jobs report destroyed the bear case, I will show shortly how this the job numbers continue to flash a warning signal.

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