You’ll Think Differently about Today’s Job Report after You Read This
From Profit Confidential January 4, 2013 - 12:33pm
Some of the best spoken statements in 2012 by politicians were something along the lines of, “We have created jobs.” Sadly, these statements are great for political advancement only. The fact of the matter is that, after trillions of dollars have been thrown at the economy, the U.S. jobs market outlook is bleak at best—job creation is too low and unemployment rate is still too high for the U.S. economy to grow.
The Bureau of Labor Statistics (BLS) reported U.S. jobs market conditions today for the month of December 2012. The unemployment rate for the U.S. economy inched a little higher from what was reported for November 2012. The unemployment rate now stands at 7.8% compared to the 7.7% reported in November 2012. The BLS revised the November unemployment rate to 7.8 %. (Source: Bureau of Labor Statistics, January 4, 2012.)
With that said, and as my dear readers know, I don’t thi...
This is the largest topic on ewallstreeter. This topic aggregates news and investment advice from over 200 different news sources. It covers all the financial markets, collectively known as Wall Street, as well as international news which affects our markets.