Click HERE for a link to the source report for today's jobs reports.
There's nothing like reading it yourself rather than someone's interpretation.
Much of it can be understood by lay people.
At first glance, I don't see anything earth shattering. The reported decline in the unemployment rate to 9.7% is, on its face, good news, but no other study I'm aware of suggests that significant hiring has occurred. Certainly the "establishment" survey, ADP's survey, various surveys of small businesses, etc. does not suggest that job growth has yet returned.
But it may be starting. If so, expect real-world inflation to exceed bank interest rates and thus for money to seek higher returns, such as in speculative areas.
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