Blue World Jobs Report Analysis 10/2/2015

Blue World Employment Situation Report Analysis

Release Date:  Usually the first Friday of each month

Release Site: www.bls.gov

Market Impact: VERY HIGH

Management Value: CRITICAL

Friday, October 02, 2015

pinnochio

Last month some moron at the Fed suggested that at 5.1% unemployment the nation was near full employment and a rate hike was on track for September! Pinocchio must have left motivational speaking and headed over to the Fed.  Our apologies to inanimate, wooden puppets.  We did not mean to suggest you are stupid enough to work for the Fed…

The following contains graphic statistics and strong language that may be too intense for some managers. Business leader discretion is advised. 

We’re afraid it’s even worse than it looks.  Weak numbers from the prior two months were revised down by 59k.  That’s bad enough, but the private sector numbers came down 69k.  The private sector total for September 2015 was only 118k.  The labor force hemorrhaged another 350k potential workers, and the Not in Labor Force statistic exploded by an unbelievable 579k driving the number of unemployed Americans to more than 94.6M, cratering an already record low participation rate from 62.6 to 62.4!

Wages pulled back.  The work week got shorter, and the diffusion index for all industries fell to a precarious 52.9 (50+ indicates expansion.) In addition, manufacturing fell spectacularly into contraction over the last 2 months.

Meanwhile, our esteemed administration is pursuing EPA and tax policy that will further cripple the economy, while Russian bombers are hitting Syria and telling the U.S. to leave the region, as our President lectures us on domestic gun control referring to himself over 28 times in a speech about the tragedy in Oregon…

Full employment?  Rate hike?  International respect of America?  Only in a fairy tale, my friends.

Thanks for reading and, please, stay tuned…

Release Site: www.bls.gov

 

Every effort is made to ensure accuracy of data transcription but accuracy cannot be guaranteed.  The official release site should be cross referenced.  The analysis represents the opinion of Blue World Asset Managers, Ltd. who does not warrant or guarantee predictions based on its analysis.
©Blue World Asset Managers, LTD Friday, October 02, 2015

Blue World Economic Index® for September 2015

Brief Explanation

Blue World Economic Index™

Released Thursday, October 01, 2015 for September 2015

The Blue World Economic Index™ came in at .2 for September, 2015 continuing its meander around zero indicating an economy stuck in the mud just waiting for something to happen.  Of the major categories employment and manufacturing are performing the worst.  This is in spite of the media hype trumpeting gains in the labor market as a prime driver of strong consumer sentiment.

September 2015 Graph

 

 

 

Every effort is made to ensure accuracy of data transcription but accuracy cannot be guaranteed.  The official release sites should be cross referenced.  The analysis represents the opinion of Blue World Asset Managers, Ltd. who does not warrant or guarantee predictions based on its analysis.
©Blue World Asset Managers, LTD Thursday, October 01, 2015