Wednesday, March 18, 2009

Every Cloud Has a Silver Lining of Mildly Hopeful Economic Indicators

Posted By on Wed, Mar 18, 2009 at 12:47 PM

click to enlarge Is it a bull, or a bear? - WWW.FLICKR.COM/PHOTOS/ORIGOMI
  • Is it a bull, or a bear?
The Missouri Department of Economic Development is out with its latest jobs report.

The Bad News?
  • Missouri lost 6,400 non-farm payroll jobs in February.
  • About a quarter million Missourians were jobless last month.
  • Our unemployment rate inched up from 8.1 in January to 8.3 in February.
  • Our unemployment rate is above the national average.
But wait! There's a silver lining -- sort of...

The Mildly Good News?
  • Sure, we lost 6,400 non-farm payroll jobs last month, but we were losing an average of 11,500 per month in November, December and January. So we're losing fewer jobs. Do I smell a rally?....Is it possible to smell a rally?
  • Missouri's unemployment rate did see an uptick of two-tenths of a percentage point. But that uptick was "far less" than that of the previous month, the press release says.

The Moral of this Story?
  • It could be worse...actually, it already has been worse.

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