Friday, September 5, 2014

Employment Stats

Employment is still quite sluggish especially at the top line. The 6.1% number is not what we should look at, it is the participation rate which is still very low relative to before this Recession.
This past month as shown below we saw another dip, which is not a good sign for August.
The above is a key chart which shows a reduction in unemployed but against a steady and poor participation rate.

It is not anticipated that the Economy will rebound until the next Administration.