How does one extrapolate the effectiveness of the QE’s on unemployment levels? With all of the variables attached it appears to be a difficult task…and yet the Fed just kicked off QE3 to attempt to generate additional monetary stimulus to relieve the economy’s unemployment malaise.
Of the many other pieces to this puzzle, what is not measured here is the displaced component of our employable base…a rather large piece of the unknown puzzle that the Fed is trying to solve.
Jobless Claims Disappoint
Initial jobless claims in a non-Hurricane Isaac week remained elevated at 382k. After jumping to 385k in the week ending September 8, many thought this was a temporary blip due to the hurricane. However, a repeat of a weak number will bring concern that September may be another disappointing month for job growth.
The Market Today ONLINE
No comments:
Post a Comment