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
Subscribe to:
Post Comments (Atom)
2 comments:
The US economic growth is currently at 2% and such an anemic growth cannot sustain a good employment figure.
Markets may be lower by end-Oct or early-Nov.
If that happens, I'm going to buy big!!
Post a Comment