{"id":12294,"date":"2011-03-04T12:39:57","date_gmt":"2011-03-04T17:39:57","guid":{"rendered":"http:\/\/www.thedisciplinedinvestor.com\/blog\/?p=12294"},"modified":"2016-09-20T08:24:01","modified_gmt":"2016-09-20T12:24:01","slug":"unemployment-at-8-9-david-rosensbergs-thoughts","status":"publish","type":"post","link":"https:\/\/thedisciplinedinvestor.com\/blog\/2011\/03\/04\/unemployment-at-8-9-david-rosensbergs-thoughts\/","title":{"rendered":"Unemployment at 8.9% – David Rosensberg’s Thoughts…."},"content":{"rendered":"

David has not been in the bull camp regarding the U.S. economy. Come to think of it, the only thing I believe he has been bullish on has been bonds. Good call, but what does he make of the latest NFP Report?<\/p>\n

Take a look at the charts we added, then at David’s remarks about the report released today…..<\/p>\n

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Listen to The Disciplined Investor Podcast on iTunes…<\/p>\n

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From David Rosenberg today:<\/p>\n

The widespread reaction to the jobs report today is uniformly positive. I think a dose of reality is really needed here. It may as well come from this pen.<\/p>\n

The headline print of +192k was in line with published estimates but following the slate of ISMs and the ADP report, the \u201cwhispered\u201d\u009d number was closer to +250k. Of course, there were the upward revisions to the back-data that showed net gains of +58k so one could easily respond that adjusted for these, the top-line did indeed meet these \u201cwhispered\u201d\u009d estimates. The employment diffusion index jumped to a 13-year high of 68.2% from 60.1% in January, but beware of peaks and troughs in this index (i.e. it would have been a mistake to extrapolate the 17% low in this job dispersion measure at the March 2009 market trough).<\/p><\/blockquote>\n

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David has not been in the bull camp regarding the U.S. economy. Come to think of it, the only thing I believe he has been bullish on has been bonds. Good call, but what does he make of the latest NFP Report? Take a look at the charts we added, then at David’s remarks about […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[5,12],"tags":[481,483],"class_list":["post-12294","post","type-post","status-publish","format-standard","hentry","category-economy","category-markets","tag-economy","tag-markets","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"acf":[],"_links":{"self":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/12294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/comments?post=12294"}],"version-history":[{"count":0,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/posts\/12294\/revisions"}],"wp:attachment":[{"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/media?parent=12294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/categories?post=12294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedisciplinedinvestor.com\/blog\/wp-json\/wp\/v2\/tags?post=12294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}