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01/13/2014 | | Economic forecasting, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, Graphsandlaughs, MLS, Multiple listing service, Public speaking economist, econ70, economist on TV, economist on radio, eisenberg and economics, funniest economist, funny housing economist, graphsandlaughs and eisenberg, housing sales, mortgage banking, politics and economics
Last Friday’s labor report showing a gain of 74,000 new jobs, when 200,000 were expected, and a decline in the labor force participation from 63% to 62.8% (a 35 year low) was, no matter how you slice it, bad. That said, one month isn’t a trend and rising exports, the continued expansion in manufacturing and good GDP growth means the number will be revised at least somewhat higher next month.