Economic news out today: ISM non manufacturing for April coming in slightly better than forecast. Of course non manufacturing unfortunately is the lion share of the U.S. economy and so April numbers a little bit higher than March, although just barely. If you are trying to argue that the economy was disaster because of the weather, you would have expected a much bigger jump in the ISM for the month of April.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
May 5, 2014
Employment Report: 1 Million Left The Labor Force in April
Let`s get beneath the surface of the unemployment rate dropping to 6.3 percent. How did that happen?
Well, almost a million people left the labor force in the month of April. A million people! It`s the biggest exodus in 1 month since they beta keeping records. Now if the economy was so good, why did so many people leave the labor force in April?
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Well, almost a million people left the labor force in the month of April. A million people! It`s the biggest exodus in 1 month since they beta keeping records. Now if the economy was so good, why did so many people leave the labor force in April?
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
May 3, 2014
Video: Minimum Wage & Vanishing Jobs
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Subscribe to:
Comments (Atom)