Wednesday, August 04, 2010

Boomer Dynamics, Housing, Jobs Creation, and the Falling Participation Rate

Job estimates are often difficult to predict because month-to-month variances can swing wildly. However, census firing is about to take back another chunk of census hiring and I expect another bad looking jobs report this month.

Interestingly, Geithner is making excuses in advance.

Please consider Geithner Says Unemployment May Advance Again Before Declining http://noir.bloomberg.com/apps/news?pid ... 6mqFzN.K5M

Treasury Secretary Timothy F. Geithner said U.S. unemployment may rise again before it falls and the economy isn’t recovering rapidly enough.

“It’s possible you’re going to have a couple months where it goes up,â€