The Mood is Optimistic Regarding Employment Data
February 8, 2010
Even with mixed results on the employment reports for January, the overall consensus appears to be that we are experiencing positive trends.
The video below is an interesting discussion on what happened in January.
Of note:
- Unemployment is indeed lowering overall (even if there is a little bit of contention as to exactly how much in January)
- Services industries added 40,000 jobs in January
- Business and Professional Services added jobs in January
- Manufacturing is up which indicates that inventory is being rebuilt in America showing strength in the GDP and the economy in general
- “Change in unemployment trend is significant” – Jim O’Sullivan
- Categories: Uncategorized
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