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Saturday, October 5, 2019

The US government is fudging its employment data again.

https://www.cnbc.com/2019/10/04/heres-where-the-jobs-are-for-September-2019-in-one-chart.html

The US unemployment rate drops to 3.5%.  Can you believe that?

Let's suss out the devil!

The PMI employment index contracted in August.

http://sg-stock.blogspot.com/2019/09/ism-pmi-analysis-for-us-economy-in.html

The PMI employment index contracted in September again.

http://sg-stock.blogspot.com/2019/10/ism-pmi-declined-to-478-in-september.html

The latest ADP private payrolls were slowing down.

https://www.cnbc.com/2019/10/02/adp-jobs-report-private-payrolls-grow-but-hiring-slows.html

I really cannot find anything positive to support these euphoric employment data.

What's the point of publishing overly optimistic figures but these figures will be revised down by a few hundred thousands later?

The US is always using this dirty trick to prop up the stock markets.

http://sg-stock.blogspot.com/2019/09/the-us-was-caught-red-handed-for.html

2 comments:

Eric Ho said...

The US economic growth is currently at 2% and such an anemic growth cannot sustain a good employment figure.

Unknown said...

Markets may be lower by end-Oct or early-Nov.

If that happens, I'm going to buy big!!