Dec 3 Wall Street Journal article and Reuters Dec 2nd wireStory?id=12284430 have decidely different tones regarding the economic outlook, which caught my attention. I point out these different perspectives as the interpretation of stats can make a huge difference in the “Tipping Point” of our economy and public perception. 1. Reuters: “U.S private sector payrolls rose by the most in 3 years in Nov” 2. WSJ: “U.S. unemployment rate rose to highest level since April” 2. WSJ: “nonfarm payrolls rose by 39,000 – far less than the 144,000 expected by Wall Street” 1. Reuters poll: “nonfarm payrolls are seen up 140,000 in Nov, while private payrolls up 153,000… “U.S. employers added a stronger than forecast 93,000 jobs in November, biggest rise since 2007 after an upwardly revised gain of 82,000 the month before (ADP Employers Services and MacoEconomic Advisers report)” 2. WSJ: “Manufacturing sector shed 13,000 jobs in Nov, fourth decline in a row…” 1. Reuters: “Index of national factory activity dropped to 56.6 last month….in line with expectations and well above 50 level which indicates expansion.” Both WSJ and Reuters agree on the distressing news….Unemployment Rate Rose to 9.8% In summary, I’m not showing you anything earth-shattering by pointing to these stats, but your interpretation (and mine) is just as important as the news media’s and Wall Street’s as we consumers, workers, investors and bloggers make our voices heard, and follow the ever evolving picture.
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