U.S. Economy Not Nearly as Strong as Payrolls Suggest – Ep. 59

U.S. Economy Not Nearly as Strong as Payrolls Suggest – Ep. 59

The Peter Schiff Show Podcast



* February Non-Farm Payrolls Number - 295,000 jobs

* Unemployment down 5.5%

* Analysts were expecting a miss

* Dollar at a new high

* Productivity dropped 2.2%

* Factory orders fell for the 6th consecutive month

* Economic data points only seen during recessions

* The Dow closed down - NASDAQ down more

* Labor force participation rate is down

* Average hourly earnings flat

* Number of people not in the labor force at an all-time high

* Increase in jobs represents people working more than one jobs

* 45% of the 295,000 jobs are assumed to have been created by optimistic government statisticians

* Disconnect between the weak GDP and the jobs numbers

* Consumer credit declined, indicating the consumer is struggling

* It's a good time to take advantage of the strong dollar and invest abroad


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The Peter Schiff Show Podcast • U.S. Economy Not Nearly as Strong as Payrolls Suggest – Ep. 59 • Listen on Fountain