We created 112,000 new Jobs, but new Unemployment claims rose to 349.000. The Unemployment rate slipped a point some time back, but nothing moves the 2.7+ standing Unemployment claims; we need 150-160,000 new Jobs per month to keep up with population growth, and the slip in the Unemployment rate simply meant an increase in the number employed, not a reduction in the numbers of Unemployed.
The rise in Manufacturing in October came only in the form of Short-term Perishables. Durable Goods and Intermediate Durables showed decline. We are still venting manufacturing production Overseas. This comes at a time when Consumer Demand is appearing to soften. The euro rose to $1.33something, and there must be an economic equation somewhere which establishes a model, where loss of manufacturing product times the increased American Debt divided by the percentage rise in the euro will give the inflationary pressure in the American economy in Dollar terms. It don't look good! lgl
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