Thursday, August 28, 2008

Scoop #2!! New Government Unemployment Measure to be Unveiled Before November

Administration sources have informed Market Factors that beginning in September of 2008, the government will do away with the U1 through U8 measures of unemployment.

Citing the need to modernize the measure to more accurately reflect key population factors, the new measure is widely expected to provide a more accurate picture of unemployemnt in certain core demographic groups.

The new measure called U-238 will have a much, much stronger emphasis on employed college grads, retirees, and white suburban women who have chosen to raise families instead of paid employment.

Preliminary numbers are already out: The September unemployment rate will stand at an impressive 0.1%. With such great news we can safely say that the goal of full employment has been acheived by the Bush Administration.

Unfortunately full employment brings other economic risks such as wage inflation which can hurt corporate profits and US competitiveness. The US chamber of commerce is said to be lobbying hard to increase the supply of foreign workers allowed into the US in order to keep the economy growing at its full potential.

Democratic Party offials said while the number does seem very good, and does undercut their case to the electorate, they were very busy with the election. They expect to look into the new measure sometime after the November election.

Scoop!! Q3 & Q4 2008 GDP Results

Market Factors has the scoop on Q3 and Q4 2008 GDP numbers!

Q3 2008 GDP will come in at an impressive 4.1% and Q4 2008 GDP will be a very respectable 3.9%. Core inflation will hold steady at 2.1%.

Administration sources said that the numbers were released early because the question of whether the economy is in a recession needed to be settled well before the Presidential election.

These impressive numbers, clearly show the US economy is doing just fine, thank you. The results should provide a big boost to Republican chances in November which ought to be great for stock prices.

Democratic Party offials said while the numbers do seem very good, and do undercut their case to the electorate, they were very busy with the election. They expect to have a comment on the numbers sometime after the November election.