Behind The Numbers: Jobs Figures, and a Grain of Salt

As numbers go, the monthly nonfarm payroll report offers some of the most parsed and open-to-interpretation there are.

Source: Behind The Numbers: Jobs Figures, and a Grain of Salt – The Numbers – WSJ

Wow – it is an interesting time in the financial markets right now.  Mortgage rates are up – mortgage rates are down.  Who can predict what will happen?  After reading a lot of experts today, I know with 100% confidence that I can tell you what is going to happen in our economy:

1.  It will expand
2.  It will stay the same
3.  It will contract

Okay, it is true. I am writing this post tongue in cheek.  The point is this.  No one knows what is going on.  I chose to put up this article because it echos what I have been saying for a long time.  The jobs report must be taken with a grain of salt.  These numbers can be sliced and diced any way an “expert” would like.  The fact remains that job creation is certainly one important ingredient for a healthy expanding economy.

I subscribe to the idea that rates will stay largely the same for the next year or so.  I just don’t agree that employment is coming down.  Job creation is also connected to inflation.   In my less than expert opinion, until we see inflation rising, rates will be somewhat the same.

I try to make this blog a site to view financial opinions from varied sources.  As always get good advice from those in your trusted circles.

Take advantage of great rates for purchase and refinance – Happy House Hunting!

Mike
720.213.6260 voice & text
mnelson@equityprime.com
@michaelfnelson2
Skype Video: michael.nelson2014
NMLS: 1314188
Licensed in California & Colorado

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