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.......
1 Comments:
Most of the "news" I've seen doesn't take into account page five of the report.
"...while it is likely that both surveys include at least some undocumented immigrants, it is not possible to determine how many are counted..."
Is the drop in jobs created due to a loss of jobs or the exodus of illegal aliens resulting from new or proposed hiring laws? Google "undocumented immigrant exodus" without the quotes for an indication of the possible answer.
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