data today:
good news:
ECRI WLI rose for the first time since April, to -10.3 from -10.7, though still below the critical recessionary level of -10 (okay, so just very modestly good news)
chart from zero hedge
bad news #1:
though ECRI improved, Consumer Metrics Institute's Growth Index continues to decline
chart from Doug Short
bad news #2:
non-farm payrolls fell by 131k, though private payrolls grew 71k; the number of temporary census workers declined 143k, so ex-census, NFP rose 12k
from the household survey, the unemployment rate was unchanged at 9.5%, as the number of people unemployed fell 24k, but the # of employed fell even more, by 159k, and the number of people not-in-the-labour-force grew by 381k... which leads to the statistic that matters most, the % of the population that is working has fallen for the third straight month to 58.4%, above only December's level of 58.2%, and otherwise as low as it has been in 27 years:
chart from zero hedge
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