How can you have an upbeat non farm payroll announcement this morning and have the DOW and the Dollar drop in value?....Here is why and I have been talking about this in other posts.....there are more jobs, but they are part time jobs with low pay...Americans are working more, but getting paid less.......2nd, we need over 300,000 new jobs a month to keep up with demand for work, we are stuck at a little over 200k jobs....this means the labor participation rate continues to fall.......bottom line.......low paying part time jobs available.....not enough of them to put America truly back to work....until this changes the Fed will be throwing free money at the markets, the wealthy will continue using it to get richer, and the middle and lower class take it on the chin because they have no access to the free money.......This is why Economics matter, you dont have to understand it for it to effect your everyday lives........
Posted on: Fri, 09 Jan 2015 17:42:31 +0000
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