Employers added 528,000 jobs in July, as the hot labor market powers on

[progree]

59. The CPI numbers are seasonally adjusted, but that can get screwed up too!

Of course the "back to school" buying is about to get underway.

I'm not sure their seasonal adjustment accounts for things falling on different parts of the calendar - like a late or early Easter, or a Christmas that falls in the midweek vs. one that falls on the weekend of Friday/Monday, etc. I suppose the same thing happens with school starts and school let-outs.

Is this is an unusual blip or a "trend"!

The pundits (and IMF) are saying the world economy is slowing down and that's a large part of the reason for easing oil and other commodity prices ...

I suppose they'll have to chew on this slowing world economy some more at least as far as the U.S. part of it, given the +528,000 jobs

I had a dream during my nap. I was talking the job numbers with someone, and someone else who didn't hear all the conversation, said wow! Stocks up 528! Great!

And I explained, no, it's 528,000, not 528!

To which he said, stocks up 528,000! That's super!

To which I tried explaining that, no, we're talking new jobs, not stocks ...

but in the dream it was even more complicated than this and I never succeeded (before I woke up) in getting across that jobs increased 528,000

I think this stuff is getting to me