The much-awaited jobs figures from the U.S. Labor Dept seemed to dismay the markets last week. Only 90,000 Non-farm jobs created in June? Disappointing, disappointing.
Previous to the announcement, the ADP report was indicating a jobs growth for June of 180,000 jobs.
If an employment agency gives that figure, then I think most would be inclined to take that into account, as they ought to know how many people they have placed in employment. Probably both figures are correct, suggesting that 90,000 persons who were registered unemployed have found work, and, in addition, another 90,000 who did not hit the registers, have also found work.
I would be pleased to hear views from readers of this blog.
Considering a dental assistant in the U.S. can earn nearly $55,000 and a Physical Trainer $44,000 any number of jobs created ought to be good news - heatmaps of happiness for the people finding work - in the context of new unemployment claimaints falling in number below the average, a good sign, and increasing hourly rates of pay.
The U.S. economy is making Recovery at a gentle gradient, and with the Oil price now seeming affordable, it is probable it will pick up again this month.
Europe seems concerned about a slowdown in China as much as the Chinese are concerned there is a slowdown in Europe. It is like a see-saw. If only all the economies have faith that things will improve and nobody wishes to see another recession for a long time, the consumer and jobs creation bandwagon can continue in the midst of peace and plenty. Instead of fearing a recession, the body politic should be giving the people a message of peace and hope, and, truthfully, that even Prosperity could be round the corner. An era of optimism would do wonders for all, a self-fulfilling prophecy. For that I pray.