Friday, August 6, 2010

Employment Situation Analysis 8/6/10

Employment Situation Summary
Release Date: Usually the first Friday of each month
Release Site:
Market Relevance: VERY HIGH
Management Value: VERY HIGH

To learn about the official release please follow:

Friday, August 6, 2010

Blue World Employment Situation Analysis

How about "Reality vs. Rhetoric" as a title for this analysis? The media, politicians and even the BLS continue to frame the economic data in terms of a recovery. Folks, it's not happening. A recovery, by definition, suggests an economy on the mend. There is no data that supports a recovery in any form. We are still in recession and will be as long as the businesses fear the next round of regulation and perceived anti-business policy.
The employment report was completely predictable based on the downward revisions in the GDP, which Blue World predicted would occur, and vise versa. Not a lot of analysis is required here. There has been little change in the tone of the report. The unemployed rate for the 25+ w/ bachelor's degrees and higher edged up again and the number of prospective workers leaving the job hunt out of frustration and depression is on the rise.

I'm afraid we all know the words to this song... Blue World analysts do not see the catalysts necessary to drive a vigorous recovery. We, instead, perceive several major risk factors for continued and accelerating weakness, especially as we continue into the second half of 2010 and Q1-2 of 2011 (Tax Season).

We remain in a very defensive posture with our investment strategies and will for the foreseeable future.

Thank you for reading and...stay tuned!

Release Site:

Every effort is made to ensure accuracy of data transcription but accuracy cannot be guaranteed. The official release site should be cross referenced for accuracy and footnoting. The analysis represents the opinion of Blue World Asset Managers, Ltd. who are not giving advice and does not warrant or guarantee predictions based on its analysis.

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