Here's my take on the Labor Department's monthly unemployment report:
- Labor Department News Release: click here and here and here.
- Key Numbers: Not Seasonally Adjusted Labor Depart Civilian Non-Institutional Population: 236,998,000 vs 234,913,000 year ago. Not Seasonally Adjusted Employed: 137,203,000 vs 140,105,000. Seasonally Adjusted Private Hours Worked Per Week: 33.1 vs 33.2.
- My Spreadsheet (click Download 20100305yoy).
Here's my uneducated interpretation - This data series that things are still worse than a year ago, but are bottoming. The spread between the light green and dark green bars and the light blue and dark blue bars in the graph below is narrowing.
Let me know where I've got it wrong.
MontyHigh, www.worldofwallstreet.us
Hey. Good work with the blog. I have been reading your stuff on NGG and suspect that you have dropped it in disgust from your lists. I follow a similar line of gold juniors and think it might be time to take a fresh look. The old management is gone, there is cash in the bank, production issues are being admitted and solutions proposed. Some of the properties are getting JV'd and the coppermoly debacle has been taken over by Barrick. You have clearly done lots more work on it than me, and I think with a minimum of reading up you would be on top of the situation again.
As a bribe I offer you PTQ.TO, a mine that has been kept out of operation by permitting issues in Panama, but which has this year got its permits and started ramping up a 100koz Au @ 200USD/oz cash cost open pit mine. Check it out too. Hope you like it and I'd love to hear more from you on NGG.
PS I am in to PTQ (of course) but still sidelined on NGG.
Jim
Posted by: Jim | March 09, 2010 at 04:41 PM