When things get ugly, this kind of stuff starts pouring out of the woodwork:
The idea that individuals could not only gain employment in such a sensitive field without having the education that backs up their responsibilities is frightening enough, but how could someone pass a CIA background check with no one discovering the lie?
I suspect we’ll be hearing the same type of thing out of the financial sector fairly soon. I hear hedge funds are still hiring – does anyone know who sells degrees in astrophysics?
Here’s a dreary outlook, before today’s payrolls report: U.S. Employment Probably Slowed in October as Housing Slumped.
And the story, immediately thereafter: Jobs in U.S. Increase by 166,000, Signaling Economy Will Avoid Recession.
Among the confusing statements:
Service industries, which include banks, insurance companies, restaurants and retailers, added 190,000 workers last month after gaining 127,000 jobs in September. Retailers cut 21,500 jobs after eliminating 12,300 in September.
While service industries, which includes retailers, grew payrolls, retailers (those “servicing” the all important consumer spending) cut them.
I wonder what the outcome would be if everyone set expectations and kept them in a sealed manilla envelope until after the Labor Department released their numbers. No matter, the markets didn’t like the “rosy” report anyway.