Skip to main content

Markets Thrilled That People Keep Losing Their Jobs

  • Author:
  • Updated:

The headline in the Financial Times blares, "Job data welcomed as markets await Fed."
What job data, you might ask? Well, the great news that another 203,000 Americans lost their jobs last month.
Yes, yes, we understand that it's the smallest number of job losses ADP has had to offer in a year-and-a-half. But the report was still a good deal worse than analysts expected. And it certainly offers some indication that the economic recovery--such as it is--hasn't quite trickled down just yet.
But wait, there is some more good news from the ADP report: "Employment... is likely to decline for at least a few more months."


Luxembourg, Malta Thrilled By Cyprus Comparison

Cyprus may have banks once again—if no stock exchange—but no one's quite ready to be deemed "just like Cyprus," least of all Luxembourg and Malta. Which is true: Both have banking sectors that are, compared to their GDPs, waaaaay bigger than Cyprus'.

(Getty Images)

SEC: You’ll Have To Keep Losing Money The Old-Fashioned, Slightly Slower Way

A quadruple-levered ETF may be too beautiful even for Donald Trump’s America.

Economists Keeping Themselves Busy

Nothing calms nerds in crisis like talking process.