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Rubicon Minerals Corporation Message Board

  • johnnywilks72 johnnywilks72 Jul 10, 2013 3:37 PM Flag

    Fed wants more job gains before slowing bond buys: minutes

    I bet they do.

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    • The last BLS jobs report was a sham. The number of part time jobs soared while full time dropped like a rock as employers lighten up pre government health care.

      The JOLTS, or Job Openings and Labor Turnover Survey is much more reliable. As the name implies, these show how many new hires and how many workers left (either quit or were terminated) businesses. The delta between the Hires and the Separations foots with the actual reported number of job additions, which intuitively makes sense - the net number of added jobs per month is the Hires over the Separations.

      JOLTS is widely ignored as it is reported a month later than the BLS report, but it is much more accurate, as it is not manipulated by seasonal adjustments, birth/death model guestimates etc.

      The bottom line is that for the last few months there has been a divergence between the two reports, which indicate that the BLS has inflated job numbers by 40% +/- over that period.

      Source:
      zerohedge July 9/13

      Sentiment: Strong Buy

    • I bet they increase purchases by year end the latest. Let's Watch!

 
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