Thursday, March 8, 2012

It's The Economy Stupid: Jobs

Okay, Jobs, in order for the economy to improve, it has to create new jobs, employ more people, lay off less people.  The job cuts and jobless numbers are still less than 400K/3500K, so the numbers this time were good, although a little higher than the previous numbers, and the previous period numbers were not revised seriously.  So all in all, it’s all good.

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

Challenger Job Cuts YoY

FEB

-

2.0%

38.9%

-

RBC Consumer Outlook Index

MAR

-

47.5

45.1

-

Initial Jobless Claims

MAR3

352K

362K

351K

354K

Continuing Claims

FEB 25

3400K

3416K

3402K

3402K

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

Ph:  225-342-0013

Fx:  225-342-9721

Email:  jbroussard@treasusry.state.la.us

 

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