Not much to be excited about…
-162,000 jobs came in below expectations of 185,000
-The May and June numbers were revised down by a combined 26,000 jobs
-Average hourly wages ticked down by .1%
-Weekly hours worked ticked down by .1 hours
-The Participation Rate was down by .1% to 63.4%
-The Employment to Population ratio was unchanged at 58.7% (it is often considered the best measure of what to expect when it comes to future government transfer payments – needless to say, it is not very promising)
-Full-time jobs actually ticked up this month by 92,000, but part-timers continue to be the lion’s share with 174,000 added
But, hey, not all is lost – at least the unemployment rate went from 7.6% to 7.4% (sigh).
-
Are when the contrarian should think about buying. And so I tried. Some AUY LEAPS (filled) and a small mining services company that I like...
-
I came across this really interesting chart regarding 2013 and 2014 EPS forecasts by region and globally. Note the very pronounced move fr... -
Apropos the book that I just finished, I re-visited an interview from September with Kyle Bass, where he examines many of the same themes ...