Category Archives: #NPF

6/3/15: US NPF: Another Feel-Good Print with Bitter Aftertaste

My take on the US Non-Farm Payroll numbers in few tweets with some RTs:

Good news:

Why German cars? Because:
And bad: the unemployment rate falling to 5.5% means Fed hike moves closer and this, perversely, means Government debt cost for the US is going to rise (I know, I know, it is perverse, but...):
 But the 'bad' gets worse:

The above mans that US now has historically high level of people who are not in the labour force - some 98.9 million all ... meanwhile...

 ...aaaand.... jobs increases are not in higher value-added sectors:

 So to sum this all up: