Registered: Jan 2009
02-03-12 02:19 PM
It's good to see HeroZedge is up to its usual shenanigans. I guess the whole doomsday thing hasn't worked out that well, so they feel the need to get all defensive.
In reality, today's release was very strong by any measure. Household survey numbers (incl participation rate, unemployment rate, etc) are to be taken with a pinch of salt, due to the population count adjustment that BLS normally performs in January. So yes, unemployment rate drop of 0.3% and the household employment number jump of 847k are probably somewhat exaggerated. However, that doesn't change the fundamental dynamics that are, for the moment, obvious.