Celebrate! Another Half-Million Jobs Lost

The Wall Street gang is jumping for joy this morning, and who can blame them? Another month, another half-million jobs lost — and stock futures are up. Up, we say! Green shoots are becoming golf course lawns in this economy faster than you can say, “Put another guy from Goldman in charge of the Treasury.”

After all, if ever there was a reason to pop the bubbly, this chart of the unemployment rate from Econoday is certainly it:

Why, at this rate, we’re almost certain to finally crack that double-digit barrier everybody’s been talking about since Christmas. If you think a measly 8.9% unemployment rate throws a wild party, wait until you see what fun traders can have with 10.0% plus. Here at Kelly Letter HQ, we already have five bottles of Two-Buck Chuck ready to go on that day, because the math just works for the big 10.

Not to get in the way of a good time or anything, but this tidbit showed up in the details: Since the recession began in December 2007, the economy has lost a net total of 5.7 million jobs. Traders may be having fun with these numbers, but somebody isn’t.

This entry was posted in Uncategorized. Bookmark the permalink. Both comments and trackbacks are currently closed.
  • The Kelly Letter
    A Complete Investment Management System
    The Kelly Letter  every Sunday morning by email.
    Like no other. Many subscribers say this is the best read of their week, astonishing in its ability to distill seven days of noise into one succinct overview of the very few items that might matter. Start your Sundays right!
    A one-page Quick Start Guide
    with page number references to full information in The 3% Signal. You'll receive access to this right away so you can begin transforming your portfolio into a performance machine immediately.
    The 3Sig Calculator.
    A thing of beauty! You'll use it to generate your own personal signals every quarter including exact share amounts to buy and sell based on your account balances. It emails you the results to make later quarters easy by keeping last quarter's numbers at your fingertips. Some subscribers say this tool alone justifies their subscription price.
    The subscriber-only section of this website
    where likeminded investors are commenting on notes and discussing in forums. Jason joins these interactions every day. They're a treasure trove of investing tips and wisdom.
    The archive of Kelly Letter notes.
    It’s a research center, searchable and smartly tagged to make gathering time-stamped material on covered subjects easy.
    The subscriber podcast.
    Jason reads every letter word-for-word. This feature was requested by subscribers who prefer audio learning. They listen on their Monday morning commute, during a workout, or while reading along at their computer.

    Save 17%

    Pay as you go
    Or sign up to receive free email and learn more about the system.
Bestselling Financial Author