It seems the adjustment has started as I have suspected.
November's number of US Monster Index dropped to 183 from 188 in October. The significance is not in the month-to-month change but the time it changes. The company said in the press release, "This marks the first time since its inception that the index has declined during the month of November ...", and "the year-over-year increase was the lowest on record".
I monitor the Monster Employment Index because of its resemblance of a leading index. Next month, we may see another dip for December, though it is nothing to be alarmed further. As I said, Monster Employment Index is too young to help us to predict the trend accurately. I believe Mr. Bernanke can manage to land the economy softly without a recession. Yet it is my observation on the strength of US economy. Even if we get a recession next year, I think it will be a short one, even shorter than the 2001 recession. But for now, let's hope it will not happen and the correction will come gently.
I logged down my thoughts on the index last month, "U.S. Monster Employment Index". This month we saw the index singing a similar tune.
November's number of US Monster Index dropped to 183 from 188 in October. The significance is not in the month-to-month change but the time it changes. The company said in the press release, "This marks the first time since its inception that the index has declined during the month of November ...", and "the year-over-year increase was the lowest on record".
I monitor the Monster Employment Index because of its resemblance of a leading index. Next month, we may see another dip for December, though it is nothing to be alarmed further. As I said, Monster Employment Index is too young to help us to predict the trend accurately. I believe Mr. Bernanke can manage to land the economy softly without a recession. Yet it is my observation on the strength of US economy. Even if we get a recession next year, I think it will be a short one, even shorter than the 2001 recession. But for now, let's hope it will not happen and the correction will come gently.
