Unemployment Report August 5, 2011: “Discouraging”

Unemployment Report August 5, 2011: “Discouraging”: "The big exhale you may have just heard emanating from Washington follows a slightly better than expected unemployment report this morning.

I am happy to hear that the report is slightly better than expected and will address the particulars momentarily. I caution people not to make too much of this report, though. Why?

While the report may have exceeded expectations, let’s not lose sight of the fact that the expectations were not all that high at the outset."

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