Confirmation … Last Payroll Report was bad

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.

Payroll Jumps

7-9-16 united-states-non-farm-payrolls

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!

7-9-16 FORECAST united-states-non-farm-payrolls-forecast

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
Management firm.
www.jkfinancialinc.com
www.street-cents.com

 

 

 

 

 

 

 

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