Oh man, not this shit again!
If you actually read, understand and analyse the report while taking it all in and not just concentrating on one misleading number you will see that the report wasn't all that hot. 120k jobs created is pretty bad, anyways.
Duration of joblessness: UP to 40.5 weeks.
U.I. Claims: UP- back above 400k w/ (As usual) the prior week revised up as well
Labor Force Participation Rate: DOWN to 64%
120k jobs created was BELOW expectations and this is during the holiday season.
There are other numbers as well that point to a negative employment outlook but you will probably ignore those too.
And like howardroak I believe myself to be a pretty level headed person when it comes to this stuff. Show me a strong report and I will call it a strong report. Show me something like this current report and I will call it what it is. And we aren't "nitpicking" this isn't a 350k jobs created report where we are picking at one or two insignificant numbers....this is a pretty mediocre to weak/disappointing jobs reports and there are several important numbers that back up that claim.
We are looking at the deeper, bigger picture here. You should try doing the same.
