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Employment numbers… — 11 Comments

  1. That Trump is SO lucky!

    Orange man enjoys unprecedented string of luck after cutting regulatory red tape and tax rates. Also, providing incentives for corporations to bring back overseas deposits and invest here. And advocating for American jobs and interests on the world stage.

    What could explain it? Luck, that’s what!

  2. Someone once observed that, “Luck lies at the intersection of preparation and opportunity.”

    A friend once said to me, “Luck is the residue of design.”

  3. Note that when assessing the economy, employment number is a lagging indicator or coincident at best.

  4. Everywhere I go I see Help Wanted signs. The jobs are available, I hope the workers are too.

  5. Employment is a *leading* indicator. Especially increasing employment. It means firms are confident that in the future work will pick up.

  6. I worry about the unemployment rates getting too low. About 4-5 percent of the workforce is pretty much unemployable. When the rate goes down to two percent, it means that 2-3 percent of the people working shouldn’t be and people get promoted to supervisory positions who aren’t ready yet. The net result is that everyone ends up working at a level just a little above their actual abilities. When this happens, the quality of our goods and services suffer, resulting in a loss of market share in the long term.

    I saw this in 1999 when the typical McDonald’s cashier was unable to correctly make change and industrial accidents began to increase. Sound long term policy would dictate that the necessary reforms be made, but that the Fed raise interest rates to keep the economy from overheating. It’s a balancing act that requires subtlety.

  7. Well, it is good to see that Obama’s policies have finally paid off!

    Thank you Obama!

    (snark off)

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