too funny, justed listened to CNBC and a guest there kept on repeating this is the last bad employment report and at the same time saying how good today's employment report is. Damn, that guy should work on his rethoric.
By the way, 66 000 jobs created for the coming census, that's a bunch of very productive jobs... You can expect more of these Federal jobs down the line, maybe a million+,adding nothing to the economy, just employing people on the back of taxes paid by people that actually produce something.
Sure investors are going to realize at some stage that increased public borrowing is pushing interest rates higher with a resulting negative impact for private sector borrowing needs.
And all these useless jobs created will add nothing to the long term, it's just a short term measure.
We currently are in freezing mode, i.e. "stabilizing" the economy in the short term at the expense of the future. With such measures, it's going to be a while before we experience real growth.
lol