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Despite Slowing Economy, Job Growth Speeds Up – Ep. 51

The Peter Schiff Show

  • Monthly non-farm employment number beat expectations
  • Upward revisions to prior months
  • Average hourly earnings number jumped by .5
  • Immediate reaction in the market was swift
  • Dollar up; gold down
  • Unemployment up
  • Labor force participation down among younger workers
  • Jobs number inconsistent with other weak economic data
  • Layoffs are up
  • Government is way off on “jobs lost” data
  • Yesterday’s trade deficit was the largest increase recorded
  • If our economy were strong, our workers would be producing and we would not rely on imports
  • Trade deficit is subtracted from the GDP
  • Productivity numbers weaker than expected
  • How many times can the dollar rally on the same news?