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Posts Tagged ‘August 6 unemployment report’

Without Job Growth, Here Comes the “QE2”

Posted by Larry Doyle on August 6th, 2010 9:46 AM |

This morning’s Unemployment Report further confirms that our economy remains burdened by our Sense on Cents description of ‘walking pneumonia.’  While this month’s report was decidedly weaker than expectations, once again we witness downward revisions to prior reports. Do you find it strange that more often than not much of the economic data released has displayed this tendency to have downward revisions to prior reports. Think the data is heavily massaged? You think?

Let’s navigate this morning’s report thanks to The Wall Street Journal’s Market Data page: (more…)






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