Friday, February 04, 2011

Jobs Report Weak Due to Global Warming

Blame the weak jobs number on global warming: The U.S. economy added 36,000 jobs in January, far fewer than economists had expected because of severe weather, but the unemployment rate fell to a two-year low of 9 percent.

As we all know, Snow = global warming: "Even though this is quite a cold winter by recent standards it is still perfectly consistent with predictions for global warming," said Dr Myles Allen, head of the Climate Dynamics group at Department of Physics, University of Oxford. "If it wasn't for global warming this cold snap would happen much more regularly."

While the "Climate Dynamics Group" tries to get their story straight, let's take a look at how the market is reacting: Stocks traded flat on Friday as investors attempted to reconcile conflicting messages on the U.S. economy from the January jobs report.

Let's see. It's snowing because of global warming, and the unemployment number is coming down because of weaker than expected job numbers.

I think I understand now why the market is shrugging at it all today.


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