Reading "between" the Headlines

It's getting harder and harder to spin the news.  ABC's headline touts 175,000 new jobs that were added last month, but within the same headline, they said that unemployment ROSE to 7.6%.  Strange as it may seem, that's good news for "investors" because as long as unemployment rates stay high, the Federal Reserve will continue to hold their ZIRP (zero interest rate policy) in place and will continue to print money ($85 billion every month)...

Also notice WHERE the growth was in jobs....Dennis

Jobs Report: May Unemployment Rate Rises to 7.6 Percent as 175,000 Jobs Are Added

Unemployment in May ticked up to 7.6 percent as employers added 175,000 jobs, a tepid report that may cheer investors hoping for interest rates to stay low, boosting stocks. Economists including JJ Kinahan, chief derivatives strategist of TDAmeritrade, had expected the addition of 167,000 jobs with the unemployment rate unchanged at 7.5 percent.  

The industries with the strongest employment growth in the last month were temporary help agencies, which added 26,000 jobs; and food services, which added 38,000 jobs in May and 337,000 over the past year.

"The participation rate is still quite low, even after adjusting for the aging of the U.S. workforce, so we can expect the unemployment rate to stay in this range -- near 7.5 percent -- throughout the rest of the year if employment growth continues at the modest and steady pace of about 175,000 new jobs per month," Bronars said. 

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