It's The Economy Stupid: The Ozzy Osborne Economy

Who the hell is driving this train???

 

Okay, if you have a job, keep it.  If you need  a job, good luck and God bless!  At some point we need to stop spending money on foreign regimes and start spending money on retraining our workforce for technologically advanced employment requirements.  Instead of talking about QE3, instead of talking about expiring unemployment benefits, why aren’t we talking about retraining and reeducation?

 

There’s nowhere to hide.  These numbers are UGLY.  The unemployment situation has been mismanaged.

 

To paraphrase Ozzy Osborne:  We’re going off the rails on a crazy train…

 

 

Economic Event	Period	Economic Survey	Actual Reported	Original Prior	Revised Prior
Change in Nonfarm Payrolls	MAY	150K	69k	115K	77K
Change in Private Payrolls	MAY	164K	82K	130K	87K
Change in Manufact Payrolls	MAY	15K	12K	16K	9K
Unemployment Rate	MAY	8.1%	8.2%	8.1%
Avg Hourly Earn MoM All Empl	MAY	0.2%	0.1%	0.0%	0.1%
Avg Hourly Earn YoY All Empl	MAY	1.8%	1.7%	1.8%
Avg Weekly Hours All Empl	MAY	34.50	34.40	34.50
Change in Household Empl	MAY		422.00	-169.00
Underemployment Rate	MAY		14.8%	14.5%
Personal Income	APR	0.3%	0.2%	0.4%
Personal Spending	APR	0.3%	0.3%	0.3%	0.2%

 

 

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