"MISSED IT BY THAT MUCH." Remember the old show "Get Smart", when bumbling secret agent Maxwell Smart would describe his latest major goof by holding up his fingers about a half-inch apart, and emphatically stating that famous line? In similar fashion...it appears the Department of Labor missed some recent job creation counts by quite a long shot. Last Friday, the highly anticipated monthly Jobs Report arrived bright and early, showing 110,000 new jobs created during September, very close to what analysts had expected. But the real surprise was the upward revision to last month's shocking number, which had shown a LOSS of 4000 jobs in August. The revised number was a gain of 89,000 jobs, or a change of 93,000! That's right - the Department of Labor "missed it by that much." Bond prices and home loan rates worsen on strong or positive economic news, so the surprising upward revisions in job growth caused Bonds and home loan rates to worsen by about .125% on Friday alone. AND SPEAKING OF JOBS - HAVE YOU EVER CONSIDERED WHAT WOULD HAPPEN IF YOU LOST YOUR JOB OR YOUR INCOME DUE TO A HEALTH CRISIS OR INJURY? NO ONE EVER EXPECTS IT TO HAPPEN TO THEM - BUT WHY NOT BE ON YOUR WAY TO MAKING SOME HEALTHY CHOICES FOR YOUR OWN FINANCIAL FUTURE RIGHT NOW? |