US Jobs A Temperature Gauge
US jobs data is a temperature gauge on the economic recovery.
While better than expected, 146,000 jobs for November 2012 is a sluggish result.
Downward revisions to previous data worsens the picture.
It’s an acceptable number that needs sustained improvement.
Real demand is in the 250,000 to 400,000 per month ballpark.
The US recovery is not getting enough traction as yet.
Sluggish US jobs can affect Canada.
We suggest revisiting your portfolio and its direction.
Take this opportunity to sell what should be jettisoned.
Then purchase some investments that fit your asset mix.