Thursday, September 6, 2012

Graphic: A look back at the jobs report!

Tomorrow morning at 8:30 AM the Bureau of Labor Statistics will release the Non-Farm Payroll Report for August!

On the heels of today's ADP Report (that no one puts any stock in unless it exceeds expectations) that surprised to the upside causing a massive rally in the stock markets (along with news on bond purchases out of the EU) the BLS will release the jobs report for August tomorrow morning.

For most of us the only two pieces of information we actually look at are the unemployment rate and the number of new jobs created. For others who make their living crunching numbers there is much more to consider.

In any event the graphic below will tell you all that you need to know about where we have been with the report and what it all means. Reality, however, is not something that can be reported but is what each of us lives every day.

It's like the old joke that a recession is when your neighbor loses his job and a depression is when you lose yours! No matter what the jobs report says tomorrow!

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