Be skeptical when the market rallies off no good news. We could be in for worse things to come. Good article in the times outlining the problems overlooked in yesterday’s job report:
Grim Job Report Not Showing Full Picture
“As bad as the headline numbers in Friday’s employment report were, they still made the job market look better than it really is.
The unemployment rate reached its highest point since 1993, and overall employment fell by more than a half million jobs. Yet that was just the beginning. Thanks to the vagaries of the way that the government’s best-known jobs statistics are calculated, they have overlooked many workers who have been deeply affected by the current recession.”
