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Southridge On Employment

Posted by admin on August 6, 2010 at 3:26 pm

Total nonfarm payroll employment declined by 131,000 in July, and the unemployment rate was unchanged at 9.5 percent, the U.S. Bureau of Labor Statistics reported today. Federal government employment fell, as 143,000 temporary workers hired for the decennial census completed their work. Private-sector payroll employment edged up by 71,000
Southridge has mentioned this [...]

Southridge Comments on Housing Market

Posted by admin on July 21, 2010 at 12:53 pm

Housing Starts reported yesterday (549k annual) and it is hard to take solace from any of these numbers. Although retail and consumer stocks rallied with the rest of the market, Southridge believes the consumer is still in trouble. The next employment #’s will be key to the markets.
US New Privately Owned Housing Units [...]