This is not about the Bakken; if you came to the site for the Bakken, scroll down to posts below.
To newbies: this is for personal use only, for archival purposes only. At one time I had trouble keeping track of these numbers, so this is for my benefit only. This is not meant for those following the Bakken.
There are two different stories here: one is unemployment (the magic number is 400,000); the second story has to do with employers adding new jobs (the magic number is 200,000)
The magic number of new unemployment claims is 400,000 -- the lower the better. The last report, bad news: hovering around 395,000.
Now, this, the magic number for new jobs: 200,000 -- the higher the better. Today's report: we've gone under the magic number -- only 118,000 new jobs were added.
Citi To Cut 11,000 Jobs
Link here to Reuters. To newbies: this is for personal use only, for archival purposes only. At one time I had trouble keeping track of these numbers, so this is for my benefit only. This is not meant for those following the Bakken.
There are two different stories here: one is unemployment (the magic number is 400,000); the second story has to do with employers adding new jobs (the magic number is 200,000)
The magic number of new unemployment claims is 400,000 -- the lower the better. The last report, bad news: hovering around 395,000.
Now, this, the magic number for new jobs: 200,000 -- the higher the better. Today's report: we've gone under the magic number -- only 118,000 new jobs were added.
Citi To Cut 11,000 Jobs
The plan will cut 11,000 jobs worldwide, including 1,900 jobs in the institutional clients group, most of whom, I assume are in New York City. That's in the same ballpark as the 18,000 Hostess/Twinkie jobs lost. Cue up Connie Francis.
Remember: the magic number is 200,000Private-sector employers added 118,000 jobs in November, shy of economists' expectations.
Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 125,000 jobs.
October's private payrolls were revised slightly down to an increase of 157,000 from the previously reported 158,000.Foreshadowing the Great Recession of 2013.
