Quote:
Originally Posted by ErikLS2
Pretty good jobs report just came out this morning. I'm far from an economist but to me this is very good news. It was much higher than the so called "experts" predicted and most measured areas saw an increase. Some prior months were revised up as well.
If this continues you can plan on seeing Obama back and I'm not sure interest rates will remain low as long as they had initially planned either. I don't have any big things to buy anytime soon so I say bring on the inflation. That's probably inevitable anyway with all this QE we've been doing to keep the ship afloat.
Here's the report if you want to read it:
http://www.bls.gov/news.release/empsit.nr0.htm |
Our government has a peculiar propensity to come out with ambitious unemployment numbers only to come out with corrections 3 or 4 months later. it has occurred many times since obummer has taken office.