It has taken quite a long time for many investors to understand that reduced labor costs, greater productivity and ever-increasing efficiency has led to higher earnings. The basic assumptions about “good” or “bad” job reports may not be accurate relative to what equities do over time.
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That's correct. The latest employment situation report indicates that there hasn't been much change up or down in jobs for two years running even as the stock market made over fifty new all-time highs in 2013.
Additions to non-farm payrolls have been averaging 182,000 and 183,000 a month in 2013 and 2012. Same old same old.
To the unemployed: The L-shaped "recovery" continues . . . without you.
To the unemployed: The L-shaped "recovery" continues . . . without you.
