March 8, 2010 Weekly Economic Update by Pete Mitchell

The Labor Department reported only 36,000 net job losses last month, so the jobless rate was flat for February, unless you were one of the 36,000 that lost their job, then it was pretty close to 100%. Economists had widely assumed the unemployment rate would inch upward due to winter weather affecting construction and retail industries.1 As I’ve been saying for a while, we are not out of this, not even close.

Weekly Economic Update for March 1, 2010 by Pete Mitchell

Stocks log best month since November. The S&P 500 rose 2.85% last month even with worries over Greece, China and the U.S. housing and job markets. The S&P had its best February in 12 years.

Pete Mitchell’s Weekly Economic Update for February 22, 2010

Quote of the week. “Avoid having your ego so close to your position that when your position falls, your ego goes with it.”– Gen. Colin Powell

Weekly Economic Update for February 15, 2010 by Pete Mitchell

Quote of the week. “Live out of your imagination, not your history.”– Dr. Stephen Covey

Pete Mitchell’s Weekly Economic Update for February 8, 2010

Jobless rate falls to 9.7%. The January statistic from the Labor Department was encouraging – a 0.3% drop from December. Bizarrely, there was no job growth even with that sizable decline – payrolls slimmed by about 20,000 positions last month. Revised federal figures showed a gain of 64,000 jobs for November and a loss of 150,000 in December.1

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