Saturday, February 4, 2012

Oh to find a job...........

Non farm payrolls were up 243,000 in January . Woo.... Hooo.....!!!!!

        That means a quarter million or so of our fellow worker bees found employment. They will breathe a collective sigh of relief, the endless evenings spent in mother in law's basement are coming to an end. We are all grateful for another job created in the United States. People can feed their children again, some people, I imaging will not have to sleep in their cars for very much longer. We don't want anyone sleeping in their cars. However we need to look at how this affects the big picture. We are a nation of over 300 million people, so 243,000 jobs is just a tiny drop in the bucket. When you listen to economic data in the media you have to get all the little morsels they drop at the end of the press conference. The talking head mentioned that over a million and a half or so people just happened to drop off the radar in January as well. These people either stopped looking for a job, ran out of unemployment benefits, or they were baby boomers that simply retired. So ...... it takes over a million people not being counted to create 243,000 "new" jobs. Please, people, don't drink the cool aide for once. This in flush of "new" positive economic data wasn't created for Main Street Sally, it was created for Wally the Wall Street floor trader to talk up the market with, which Wally did with gusto, the market was up sharply, and yes my retirement accounts thank you Wally.  Flat out, we need more jobs. I believe the only way we as Americans can achieve this goal is to concentrate on working for ourselves  instead of becoming some other companies employees. Think about this, when you work for yourself you can never become unemployed.

No comments:

Post a Comment