Friday, May 4, 2012

Unemployment and Job Report

The market has appeared to finally turn as I suggested dropping on the employment report.  The target I was looking at before the wave down is over is 1290 on the S and P 500.  While everyone seems to focus on the narrower version of the unemployment rate dropping to 8.1%, the wider version of the U-6 is the key to the U.S. economy turning around. The rate of job growth of 115,000, when economists expected over 160,000 is troubling.
Please look at this link:  http://portalseven.com/employment/unemployment_rate_u6.jsp to look at the U-6 unemployment rate historical data in the U.S.

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