US NFP July 2014

Everyone will once again look at the NFP report and I think too many will be fooled by the headline number again. Personally I do not care if the figure will by 500,000 jobs created if will be nothing but temporary jobs while the economy sheds full-time jobs. All those jobs will do little to nothing when it comes to supporting the economy and I suggest that before you cheer a big headline number take the time to dig a bit deeper and find out more. I do think we will see a strong headline figure on Friday, but once again losing full-time jobs and adding part-time jobs which is a terrible combination.