Because it’s not as tight as that 5.6% unemployment rate would lead you to believe. Over at PostEverything. I think figure 2 of the piece, below, tells an important part of the story, but you be the judge. Light posting this week and not because I’m off to Cuba to walk the beaches before they… Read more
Check it out over at the NYT.
US payrolls grew by 252,000 last month and by 2.95 million over 2014, making last year the strongest year for job since 1999 (that’s comparing Dec-over-Dec). Below, I offer some thoughts as to one reason why the 2014 job market outperformed earlier years in the recovery. Payroll growth was notably strong in this report. November’s… Read more
Seems like it’s been a while, as jobs day comes a bit late this month. With December’s data we get the first look at 2014 full-year, and almost any way you cut it, 2014 will be a relatively strong year for job growth. EG, if we hit the consensus for December payrolls of around 240,000,… Read more
Over at PostEverything, the House is expected to vote today in support of a really bad idea re Obamacare and the employer mandate.