tag:blogger.com,1999:blog-1149283829854298377.post2680366638291633037..comments2024-03-28T15:12:38.709-05:00Comments on The Million Dollar Way (The Bakken Oil Blog): Unemployment Rate For May, 2019, Remains At 50-Year Low -- June 7, 2019Bruce Oksolhttp://www.blogger.com/profile/10952652803684625738noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1149283829854298377.post-18168383014918445712019-06-07T22:48:35.486-05:002019-06-07T22:48:35.486-05:00You are so correct. It is interesting how the head...You are so correct. It is interesting how the headlines by the mainstream media can make all the difference in the world; how headlines can skew the entire story. When I saw the links at Drudge and the headlines at CNBC I thought things had really taken a turn for the worse. But, like you, once I started reflecting on the entire mosaic, I realized that, actually, the numbers were pretty good. In fact, again, it was only because the actual numbers were so far off from the consensus forecast that the story got the headline(s) that it did. The headline suggested something significant, and I'm sure the pundits talked about it all day long (I do not watch any televised business news) but in the end, as another writer might put it, the story was a nothing-burger.Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-69979266362410996462019-06-07T22:05:58.851-05:002019-06-07T22:05:58.851-05:00a 30 second caveat on the jobs report: to my recal...a 30 second caveat on the jobs report: to my recall, April was the 2nd warmest April on record, so construction & other spring work got an earlier than normal start…on the other hand, May saw half the country blown away or flooded out, the 2nd wettest May on record, with US temperatures in the bottom third of the historical average…those factors do not show up in the seasonal adjusted jobs data, which assumes seasonal weather…also remember the establishment survey only counts "non-farm payrolls", and doesn’t count the hundreds of thousands in the Midwest who are sitting on their hands because the fields are too wet to work…rjshttps://www.blogger.com/profile/15681812432224138582noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-44956619280015118842019-06-07T12:40:28.780-05:002019-06-07T12:40:28.780-05:00Huge thanks. I had not seen that. And it was the N...Huge thanks. I had not seen that. And it was the Ninth Circuit Court. Wow, a decision based on law and not politics? Bruce Oksolhttps://www.blogger.com/profile/10952652803684625738noreply@blogger.comtag:blogger.com,1999:blog-1149283829854298377.post-5990486144986516372019-06-07T11:59:12.042-05:002019-06-07T11:59:12.042-05:00https://thehill.com/policy/energy-environment/4474...https://thehill.com/policy/energy-environment/447465-judge-removes-remaining-barrier-to-keystone-xl-constructiontomhttps://www.blogger.com/profile/08324549335567650311noreply@blogger.com