The jobs number today was very good – 209,000 jobs, with June’s number upped to 231,000. Of course, the “experts” called it at 188,000. Wrong again!
The manufacturing number was surprising, too. It went up 16,000 jobs. One pundit said we haven’t had any jobs added since the 1970s. Retail was weak at just 900 jobs, but I’m surprised it’s that good. Department and other stores don’t seem to want to add people. Have you gone into a Macy’s lately? You’ll walk half a mile trying to find a cashier. Don’t ask for any help either as to size or color of a garment. “If you don’t see it, we don’t have it” is what salespeople always say. Solution? Go to Amazon.
As for the unemployment rate, it dropped from 4.4% to 4.3% and wages rose slightly at .3%.
Meanwhile, Drudge headlines: “Greenspan: It’s About to Burst” meaning the stock market. Harpo Marx expresses what a laugh that is: