Bending the Third Rail
Because We Should, We Can, We Do
Friday, February 02, 2007
Jobs, Economy Update
Barry gives us the headlines and some analysis on the new jobs report. Tepid describes the short version with a slight increase in jobs over population growth in Nov. and Dec., but Jan's. initial take is disappointing, as usual.

However, the more important news was the manufacturing index report. This chart say's it all (click to enlarge):

Note that GDP follows this index in a fairly reliable fashion which would suggest a slowing economy ahead.