The Usual

The US economy added another 215,000 in the month of March, many of which were in the construction, retail and health care industries. This is a beat of 10k jobs versus the consensus estimate.

Unemployment rate ticks up slightly to 5%. Participation in the labor force just hit a two-year high. Most importantly, wages rise at a respectable 2.3% year-over-year pace.

The usual slow but steady improvement when you average the last three months’ worth of reports.

And the usual bulls*** from the perpetual doom crowd. With a severe case of mission creep, I might add. The argument against life as we know it continuing keeps changing. If you’re lost track, here’s a chronology:

2009: Unemployment still rising!
2010: It’s all census jobs!
2011: Job growth flattening, double dip recession!
2012: “These Chicago guys!” – it’s all fake numbers!
2013: It’s all part-time jobs and bartenders!
2014: Labor Force Participation Rate is too low!
2015: Not enough wage growth!
2016: There are no manufacturing and mining jobs!
2017: ???

Rest assured, it will always be something, until the next recession. Then the naysayers of 2009, 2010, 2011, 2012, 2013, 2014, 2015 and 2016 will all, in unison, cry out “YOU SEE!”

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. 토토 commented on Dec 24

    … [Trackback]

    […] There you can find 5809 additional Info on that Topic: thereformedbroker.com/2016/04/01/the-usual/ […]

  2. detroit lions memes commented on Jan 03

    … [Trackback]

    […] Find More here on that Topic: thereformedbroker.com/2016/04/01/the-usual/ […]

  3. fake rolex commented on Jan 14

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2016/04/01/the-usual/ […]