Reply #70: The only real surprise is that there were such poor numbers before [View All]

Remember in this number of 308,000 is 71,000 construction jobs. Good jobs, but seasonal, the north is heading back to road repair, and house building. Also whenever there is a strike settled as in California those employees are added back in. So half of the "new jobs" are because its spring and a strike settled.

What I do not understand is that the Fed has been dumping cash into the economy for two years. The government is creating tons of funds with deficit financing in record amounts and interest rates are so low they are practically giving it away and FINALLY there is a little job growth.

Why did the unemployment rate go up? Because more people entered the job market, in other words we still did not create enough jobs this month. The work week decreased so we are not expanding our usage of already employed workers.

Do not get caught up on the revisions and think someone is playing with the numbers there is always revisions, always has been always will be.

With commodity inflation running at the rate it has been the Fed can not sustain these low interest rates. However they probably will as long as possible to stay "out" of politics. Remember George the First lost his re election and one of the reasons was the Fed was raising rates as they should have been. I do not know they will do that again.

One last point. I was talking to a friend last month that is in a large financial services corporation. The word came down to look to hire new employees in a selected way. So that they could help out "Our President" I bet that happened in many a board room in the last few months.