Friday, March 5, 2010

The BS from the BLS is better than expected.

Stocks are slightly positive this Friday morning, maybe due to a better than expected report out of the Bureau of Labor Statistics.

The BLS report said that 36,000 jobs were lost in February, decently better than the expected loss of 50,000.

It looks to me that there is a continued reduction in those "not in the labor force," meaning people are rejoining the effort. Good news!

Copyright 2010 AlphaNinja

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