Friday, November 7, 2014

General Economics

Wall Street Journal | Jobs Report: U.S. Adds 214,000 Jobs; Unemployment Rate Falls to 5.8%
U.S. payrolls grew modestly in October but the unemployment rate fell and wages edged up, signs the labor market is strengthening.

Econ Comments & Analysis                                                                                            
Alhambra Investment Partners | The True State of Recovery
In the weeks leading up to the election, incumbents (mostly D’s) were heard to say that “they” created 10 million jobs over the past 55 months as if to prove the recovery was working (an unfortunate choice of wording that left a gaping hole in credibility). Simple back-of-the-envelope calculations proved that to be already deficient on its face – a monthly gain of 181k is at best lackluster.
Business Insider | UNEMPLOYMENT RATE FALLS TO 5.8%
Job gains in October were less than expected, though the unemployment rate fell to is lowest since 2008.
Real Clear Markets | It's the Economy, and They're Not Stupid
The sharp rebuke to the Obama administration delivered by the mid-term elections should not be construed as an endorsement of the GOP, which remains as unpopular as ever. Rather, as has been the case in the last few election cycles, voter revolts have hinged on continued dissatisfaction with the strength of the economy and the diminishing financial prospects of ordinary citizens.