August 3, 2007

The Jobs Numbers

The disappointing jobs figures of 90K have received a lot of press, as has the unemployment skyrocketing to 4.6% from 4.5% Leave it to Larry Kudlow to find the bright side:

Just this morning, for example, we got a Goldilocks jobs increase of 92,000. Wall Street was expecting 130,000, but actually private payrolls increased 120,000, while the government lost 28,000 jobs. That canít be all that bad.

Twenty-eight thousand government jobs lost! I'm thinking it's time for a party.

Economics and Markets Posted by John Kranz at August 3, 2007 1:54 PM