A little friendly advice Edgy, know what you are talking about. I extracted a quote form a news release on the jobs report and as usual the media or government didn't report the breakdown for the jobs added making it hard for me to post what wasn't there. I do however see the job losses in the sectors I quoted as very high and very significant and very true. I didn't attempt to mislead anyone!!

My point, although I didn't elaborate as I felt it wasn't required, is that the jobs losses were in what I would refer to as the real economy and the job gains in the government subsidized economy (tax supported). Plus I would guess that lots of birth death model jobs were thrown in for good measure to fix the final picture.

Some real solid job data analysis breaking down the data will be available later today and I will try to post something with more detail. Mind you the real factor to watch in jobs data are trends not any one particular month. I also note the large increase in new applications for emploment benefits in the US reported this week which further indicates serious jobs losses.

This will not be a good news jobs report no matter how it is presented but I wish it was as do most others who will try to spin positives from negatives.