{"id":2414,"date":"2010-12-02T05:59:29","date_gmt":"2010-12-02T12:59:29","guid":{"rendered":"http:\/\/www.jasonapollovoss.local\/?p=2414"},"modified":"2018-08-17T08:52:20","modified_gmt":"2018-08-17T12:52:20","slug":"interesting-non-response-to-yesterdays-jobs-numbers","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/12\/02\/interesting-non-response-to-yesterdays-jobs-numbers\/","title":{"rendered":"Interesting non-response to yesterday’s jobs numbers"},"content":{"rendered":"

Yesterday saw the release of important job creation news by payroll giant ADP.\u00a0 The strong news was obviously the source for the tremendous stock market rally yesterday.\u00a0 Yet, even in the midst of the trading day yesterday CNN did not feature the story as its lead story, or even amongst its top 10 stories.\u00a0 I consider this to be a very, very good sign.\u00a0 For such important investment news to not register with a general news site like Cable News Network means that its editors didn’t think it was important enough to feature.\u00a0 That means that folks in the United States are very likely starting to accept the jobs situation.\u00a0 That means that their anxieties about the working environment\u00a0are likely diminished,\u00a0muted, and maybe even on the decline.<\/span><\/p>\n

Of those three scenarios my feeling is that consumer anxiety about jobs is most likely muted.\u00a0 Your average Jane and Joe have found a way to get by in their week to week lives and are stable in that situation.\u00a0 From this place of relative stability they are much more likely to spend some more money.\u00a0 And to me it looks like the first light at the end of the “game of chicken” tunnel may have appeared.\u00a0 I am guessing that holiday sales will track ahead of last year’s sales.\u00a0 In turn, that should lead to an uptick in consumer spending and gross domestic product.\u00a0 Ultimately, that should lead to new hiring.<\/span><\/p>\n

Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday saw the release of important job creation news by payroll giant ADP.\u00a0 The strong news was obviously the source for the tremendous stock market rally yesterday.\u00a0 Yet, even in the midst of the trading day yesterday CNN did not feature the story as its lead story, or even amongst its top 10 stories.\u00a0 I […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-2414","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/2414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=2414"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/2414\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=2414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=2414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=2414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}