- This topic has 6 replies, 6 voices, and was last updated 16 years, 6 months ago by cr.
-
AuthorPosts
-
October 4, 2007 at 9:16 AM #10498October 4, 2007 at 9:24 AM #86937nostradamusParticipant
“Biggest amount in four months” doesn’t sound too alarming to me. Should I be alarmed?
October 4, 2007 at 9:31 AM #86940bsrsharmaParticipantShould I be alarmed?
Fortunately not. The quality of BLS statistics is so poor that, any change of less than 50% either way is statistically insignificant. (Time to worry if that difference is, say, 100,000 or total exceeds 400,000)
October 4, 2007 at 9:42 AM #86943little ladyParticipantI dunno, you don’t think there is a change a brewin’?
October 4, 2007 at 10:04 AM #86948stansdParticipantWe all, on this board, have to be very wary of confirmation bias.
Stan
October 4, 2007 at 10:09 AM #86949Omega PointParticipantNot really, if there is, it is minor. Still a lot of “help wanted” signs and people are still spending around here. BTW, the previous weeks saw initial claims drop.
October 4, 2007 at 10:19 AM #86950crParticipantApparently Wall Street isn’t too concerned as currently the DOW is relatively flat.
We know more is to come though as builders are squeezed. Here’s a decent read.
I think this 4th quarter retail performance will be indicative of where things are really at, and how hurt the consumer is as a result of the mortgage crisis, at least for those who have had their ARM adjust. For those that are part of the more than $1,000,000,000,000 in loans resetting in the next year or so, stay tuned for next Christmas.
The more relevant info on jobs is where those jobs are, i.e. how much they pay. What real good is it if jobs rise by 500,000 if they are all seasonal hires at Wal-mart?
-
AuthorPosts
- You must be logged in to reply to this topic.