Wednesday, October 30, 2013

Wednesday. Another Stellar Obama Economy Jobs Report: "Average Monthly Growth Has Fallen Below 150,000."

I see "we" had another stellar month with regard to jobs. Data points as being reported by Reuters:
  • 130,000 jobs added; less than the 150,000 required
  • 200,000 is the magic number; at least 200,000 required to keep things going
  • so, 130,000 is about as bad as it gets -- until it gets worse
  • oh, it did get worse: last month's tepid report was revised....drum roll ... down
  • last moth: revised from 166,000 to 145,000
  • quote from link:
"Average monthly growth has fallen below 150,000," said Mark Zandi, chief economist of Moody's Analytics, in a statement. "Any further weakening would signal rising unemployment. The weaker job growth is evident across most industries and company sizes."

Active rigs: 182

RBN Energy: update on California's energy needs. Less natural gas will be used, but Southern California Gas and San Diego Gas & Electric (both subsidiaries of Sempra Energy) are developing proposals to expand their gas pipeline systems, especially the part that feeds the San Diego area. Those plans will roll out in the next few months. That seems to be counter-intuitive, but the RBN Energy folks explain why.

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or think you may have read here.

Twelve companies announced increased dividends/distributions including Burger King and Williams Partners.

While driving last night, I heard that ObamaCare was "enrolling" 17,000 applicants/hour but now, this morning from CNNMoney: the ObamaCare site had another "outage" overnight. I was aware that the site was overwhelmed and not working as advertised when it came on-line, but I was unaware that there were actual "outages." Connecticut had good news: the system was preventing completing the full registration process, but some functions were still working. Yes, the "sister" site that explains how ObamaCare works would still be up.

Two data points:
Another data point for one of the nominees of the 2013 Geico Rock Award, I'm sure.

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