ft.com/alphaville : On outperforming the US Bureau of Economic Analysis

Found this post interesting: should really take Friday’s payroll with a grain of salt.

TrimTabs Estimates U.S. Economy Lost 255,000, Jobs in November Wages and Salaries Falling, Not Flat as Reported by Bureau of Economic Analysis

Sausalito, CA — December 2, 2009 — TrimTabs Investment Research estimates that the U.S. economy shed 255,000 jobs in November, the fifteenth consecutive month job losses exceeded 250,000. In the past 12 months, job losses totaled 5.8 million, the second-highest 12-month total since 1970.   “The unemployment rate could easily hit 11% by early next year,” said Charles Biderman, CEO of TrimTabs. “Employers are still slashing hundreds of thousands of jobs per month even though the government is spending tens of billions of dollars per month on stimulus programs.”  

http://ftalphaville.ft.com/blog/2009/12/02/86766/on-outperforming-the-us-bureau-of-economic-analysis/

full release at http://www.trimtabs.com/global/news_releases.htm

Advertisements

0 Responses to “ft.com/alphaville : On outperforming the US Bureau of Economic Analysis”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 39 other followers

ETFDesk.com

ETFDesk Spotlight

December 2009
M T W T F S S
« Nov   Jan »
 123456
78910111213
14151617181920
21222324252627
28293031  

%d bloggers like this: