Friday, May 6, 2011

Bizarro! Unemployment Rises to 9.0% On Best Job Growth in Nearly 5 Years!

U-6, what I consider to be the real unemployment rate, rose to 15.9%. But Wall Street, as usual, has a Pollyanna complex. Other markets muted. Crude has jumped back above $100, but gold, silver, and Forex are choppy, undecided. 244,000 jobs created, but with a birth/death of 175,000 assumed by the government that was part of that 244,000!