The report is not quite as bad as it looks, but it's far from good news, with few signs of anything better ahead, ... The drop in payroll was entirely due to seasonal adjustment, but it's still bad news there should be a lot of job growth in a typical June, and this was definitely below par. Regardless of the reasons, there aren't enough jobs.
More Quotes from John Hancock:
Medicaids a state issue. She doesnt understand the difference between state policy and federal policy,John Hancock
In principle, rapid productivity should make wages rise, but it seems that until the job market tightens up a bit, all the productivity gains flow to corporate profits,
John Hancock
The Greenspan Fed has inaction down to a fine art, ... They stood by through much of the late 1990s, allowing a very beneficial reduction in unemployment without suffering any inflationary consequences. When they do have to move, they do so quickly and surgically.
John Hancock
Speed is the number one thing trucks can do, if they slow down every 10 miles per hour, they save a mile per gallon.
John Hancock
If the July jobs report was bad news, at least it wasn't awful news,
John Hancock
This shows that, despite the Democrats' rhetoric and money, they have been unable to gain ground.
John Hancock
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