Posts Tagged ‘Quantitative Ease’

Notes From Underground: Unemployment was softer then expected; and CFIUS must not have read the G-20 communique

July 5, 2010

Friday’s unemployment number was close to consensus but the average hours worked and average hourly wages were a little on the soft side. Yes, the unemployment rate fell to 9.5 percent, but that was due to the amount of people that left the work force as the ability to find work is causing workers to leave the job search in frustration. The rate itself is not important at this point because a higher jobless rate with a more robust economy would signal that people were returning to the labor force–a good thing.