The Flinchum File
Thoughtful Economic Analysis and Existential Opinions

Good Jobs Report . . . finally

11/05/2010

The most important monthly economic report each month is the “Jobs Report.” The last few months, the report has shown a sadly weak economy, producing few jobs. Voters took the President to task for that on Tuesday.

Today, the Labor Department announced that the private sector created 159 thousand jobs, twice what was expected. This was great news, and the Dow futures immediately jumped 40 points.

I’m sure the President wishes this report came out before the election, and I’m equally sure the 14.8 MILLION people who are unemployed wish it was even better news, as they need YEARS of equally good reports to get back to normal.

All year, I ‘ve been predicting the fourth quarter would be good, and it certainly looks that way . . . thank God!

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