Last month as the payroll report (monthly report on hiring of workers in the US) was released we commented on our title of the review-
“Not Buying the Weak Payroll Report”
It’s nice to be correct, but it is even better for our investments.
After a measly May, see tiny bar second from the left — A huge bounce back employment hiring report was released for last month. Ok — before we rave too much, the two reports combined are just above average, but not falling off the cliff !
The numbers are going in the correct direction – looking from a longer perspective!
Looking back at the great recession of 08-09 – There were job losses of over 750k monthly — we are far from those days…thank goodness !
Our refusal to accept the prior report was based on other parts of the report that we felt were just to compelling to ignore – better times ahead ? Maybe….
Have a Great … Clear-in-Rear-View-Mirror Economic Report – Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth