[expat_panama]

There're a lot of important facts here and our daily IBD is a must read for the econ savvy.  Still, in this particular case the IBD battery may need some rechargin (imho) because it's misleading to pander to the low-infos on the right (there are a few, not nearly as many as on the left but a few).

Myth: federal hiring is record high and way out of control.   The hard numbers from the OPM and the BLS say otherwise (graph left).  Rush gets this wrong too (but like IBD I'm still catching him every day because of all the other stuff that's right). 

Compare the hard numbers to the graphic on the right --one that's set up to give the impression of our beloved "federal hiring is record high and way out of control".  This plot does more wrong that just center in on just the past couple years, they also changed the scales and shifted the ranges.   If you look hard you can see that the graph does show that the private sector advance this past quarter was 400,000 compared to a total state, local, and federal hiring of just under 90,000.  

Problem is that those numbers (imho agn) just don't justify the graphic's subtitle "Government is on a hiring spree even as private job growth has slackened". OK, it sort of does, but this is not the kind of quality of analysis that I can make money on.

[Cringing Negativism Network]

Bring back jobs.

To America.

Just saying.. Bring them back. Stop buying everything imported.

[expat_panama]

A beautiful morning to all!  It's Friday and yesterdays decent stock index gains --even in limp trade-- are now seen by futures traders holding steady (-0.01%).  That, and our metals are ASTRONOMICAL!   Yesterday's good showing (gold/silver now at $1,154.05 and $16!) is now being seen by futures traders as going up today +2.16%.

The Econ Report Calendar is winding down:

8:30 AM Export Prices ex-ag.
8:30 AM Import Prices ex-oil
10:00 AM Wholesale Inventories

--and there's soo much news I'm going to have to hustle to browse thru it all:

10 Signs That Stocks Are Way Overpriced - Doug Kass, TheStreet.com
Not So Rosy: A Very Junky Rally - Michael Batnick, The Irrelevant Investor
6 Reasons to Stop Panicking about Stocks - Jeff Reeves, MarketWatch
Recession? No Cassandra, It's Just a Correction - Jack Bouroudjian, CNBC
Why October Is the Worst Month for Investors - Dani Burger, Bloomberg
FOMC Minutes: Fed Feared Rate Hike's Impact on Inflation - Fox Biz
Global Economy's In Serious Danger - Lawrence Summers, Washington Post
If Markets Were Truly Stupid, We'd All Be Really Rich - Tad Rivelle, RCM
China Could Again Be Bad for U.S. Stocks - Tomi Kilgore, MarketWatch
Stock Markets Ahead of Pols on Climate Change - Jason Gold, U.S. News

[kearnyirish2]

“Teachers Wanted

The recent surge in hiring, including about 90,000 teachers over the past four months, reflects pent-up demand. There are still 236,000 fewer public education jobs than seven years ago, noted Elise Gould, economist at the liberal Economic Policy Institute. But she calculates that the real public-education job shortfall to keep up with enrollment is about 410,000.”

There is no better way to kill an economy than hiring teachers; they have bankrupted NJ. Even worse, the students increasingly are from populations that contribute nothing towards the tax base.

[dennisw]

I believe you are mistaken here. Federal hiring may be level or modest. But what is going on in government hiring on the state, county and city levels? You should try and find hiring stats for New York City. It must be way up under their current commie mayor.

How about hiring by states like Maryland, Virginia, Massachusetts? They must be up too.

Your two graphs do not contradict each other because one deals with Federal hiring and the other with ALL government hiring in America

[PGalt]

Thanks for the ping; post. BIG GOVERNMENT IS CRONY SOCIALISM.

Socialism Is Legal Plunder - Bastiat

http://www.usdebtclock.org

We’re all working (directly) or not working (forced to support through taxation/confiscation) for the government in some form or fashion.

“He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.”

http://www.archives.gov/exhibits/charters/declaration_transcript.html

[zzwhale]

RETIREMENT FUNDS ARE underfunded
RECESSION WILL HIT IN 2016
financial crisis is looming due to trillions in unsecured corporate debt globally... banks again
stock market potential to drop 40% due to fall off in earnings and projected flatline of the economy..

dont worry folks
obama will start a nice little war and everyone will be happy happy happy