Friday, April 3, 2015

I'll have the combo. Hold the good news.

Forbes notes the bad news in the latest jobs report;
Employers added 126,000 jobs in March, according to the latest payroll report from the Bureau of Labor Statistics. Out Friday morning the figure is the weakest since December 2013 and far lower than the 250,000 new jobs economists were forecasting.
 Which was preceded by this bit of dubious economic commentary;
Weaker than expected March job gains are the latest in a string of lackluster economic data caused by a combination of the cold weather, the strong dollar and the decline in the price of oil.
We regret to inform you that your purchasing power just increased.

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