Investors are idiots. They only look for trends and when they see that numbers are going in the wrong direction suddenly they panic and move their money into safe investments. If investors would just open their eyes and see what these numbers mean for America in the long term they would be investing double in the market than what they currently are.
Wednesday, March 30, 2011
Your Hired!!
I usually don't get upset when I read business articles, but this article struck a nerve. Private sector added 201,000 jobs in March.......but that is off the trend of 211,000 jobs per month so now it's a bad thing. Just because March didn't have another 10,000 job openings doesn't mean that it is a bad month. People need to realize that any positive number of created positions is a good thing for the economy. This means that people are no longer collecting unemployment, they now have income to fuel the economy with purchases, and that this is one more person that paying taxes which lessens the weight for everyone else that is working. I realize that 1 person really doesn't make a bit of difference, but when there are 200,000+ new hires every month...it adds up quick. Just think at the end of March there are now 620,000 less people that are unemployed when compared to the beginning of the year. 600,000 people can now dig themselves out of financial troubles or burdens that unemployment placed on them and can now start looking to the future with a positive outlook. 600,000 people are happier now than they were in December.
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It seems that the economic news, such as job creation numbers, are the most politically twisted data and the media only serves to confuse the public by reporting an agenda versus raw data. It's hard not to sound like a cynic. I think it is a disservice to business but it can also be a competitive advantage if you are the one manipulating the "spin" on the data. Unfortunately the altruism is long gone from investors as a general rule so helping the economy has taken a second place stading to the elusive high rate of return. Unemployment is simply the latest in a long list of abused sectors. You're right in saying articles like this strike a raw nerve, it's hard not to think in terms of the individual. I hope we don't lose that as we become the leaders who shape responses to such data in the future.
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