The jobs anomaly continues...proving to some that happy days are queer again.
In the report many of the usual suspects were in the line up...the Temps of course. And the "health care" sector....any hospital or clinic you see is TEEMING with "workers"...in hospitals the nursing stations seem not to have chairs for everyone milling about.
Food service is up...but it still takes forever to get your Big Mac.
Retail is hiring...apparently those "garden centers" in Minnesota came through again...better late than never.
And there was a big spike in "hospitality" which I take to be summer tourism related, but THAT will surely depend on the price of gas. At $2.30 per gallon fewer people will be venturing far from home...many will opt for a weekend doing "yard work" which is actually promising for the "garden centers" in Minnesota!
IN ANY EVENT, THE "SOFT PATCH" TALK HAS HAD THE KYBOSH PUT ON IT...AND THE G-MAN CAN CONTINUE WITH IS "MEASURED PACE" FOR THE REST OF THE YEAR......THIS WILL NATURALLY DEPRESS BONDS AND MAKE THE HOUSING BUBBLE TIGHTER THAN THE BARK ON A TREE....
SO BY LATE SUMMER CONSTRUCTION JOBS COULD BE LIMITED TO THE PALACES OF VANTITY IN VEGAS....WHICH SEEMS TO BOOM NO MATTER WHAT.
AND PROBABLY THE BEST NEWS FOR MOM AND POP IS THAT.....IF YOU HAVEN'T CASHED OUT OF WALL STREET AND GONE TO BANK CD's.....NEXT WEEK CD RATES WILL BE HIGHER!
AND HIGHER THEN NEXT WEEK...AND THE NEXT AND THE NEXT....! GOOD NEWS FOR YIELD SEEKERS!
SO HAPPY TALK ALL ROUND, BECAUSE HAPPY DAYS ARE QUEER AGAIN!
