Tag Archives: BLS

Phantom recovery

Posted on January 11, 2014 by Geoff O'Reilly

Highlights from yesterday’s US Government press release on jobs: unemployment down in one month from 7% to 6.7%; 74,000 new jobs created in December. Sounds OK doesn’t it? The economy must be recovering … (Wall Street rose a bit on … Continue reading →

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US jobs – spinning the data

Posted on December 10, 2013 by Geoff O'Reilly

There was quite some buoyancy in the commentary on the US economy last week. The US Bureau of Labor Statistics (BLS) released it’s monthly jobs data. Because the Federal Reserve has said it is more focused on employment than inflation, … Continue reading →

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Is the US economy growing?

Posted on November 11, 2013 by Geoff O'Reilly

In the last several days we have seen these economic news items out of the US. This from the Sydney Morning Herald on the 8th: The Australian dollar is lower after very strong US economic growth figures … [my emphasis] … Continue reading →

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