Employment: It's Not All Bad News Everywhere
1. In contrast to today's BLS report of an employment decline in August, the Monster Employment Index (released yesterday) "rose 3 points in August, reflecting a slight rebound in online job availability across a majority of industries, occupations and geographical regions following the traditionally slower summer months of June and July. The Monster Employment Index is based on a real-time review of millions of employer job opportunities culled from more than 1,500 different Web sites, including Monster."
2. First Trust Advisors is "taking today’s report of a 4,000 drop in payrolls in stride. Overreaction by financial journalists and some investors is the real news."
3. India's IT sector is expected to create 400,000 new jobs this year, a 25% increase from 1.6 million jobs last year to 2 million this year. Just like it's always 5 p.m. somewhere in the world, there's always job growth somewhere.......