Comments on: Employment numbers… https://thenewneo.com/2019/08/02/employment-numbers/ A blog about political change, among other things Sat, 03 Aug 2019 22:00:31 +0000 hourly 1 https://wordpress.org/?v=7.0 By: PapaMAS https://thenewneo.com/2019/08/02/employment-numbers/#comment-2447446 Sat, 03 Aug 2019 22:00:31 +0000 https://www.thenewneo.com/?p=88897#comment-2447446 Orange Man bad. Orange Man BAD! ORANGE MAN BAAAAAAAAAAAAAAAAD!!!

]]> By: Andy https://thenewneo.com/2019/08/02/employment-numbers/#comment-2447414 Sat, 03 Aug 2019 16:15:36 +0000 https://www.thenewneo.com/?p=88897#comment-2447414 Chester Draws, re: Employment is a *leading* indicator.

Take a look at this webpage which identifies the components of leading, coincident and lagging Conference Board indices.

https://www.conference-board.org/data/bci/index.cfm?id=2160

]]> By: charles https://thenewneo.com/2019/08/02/employment-numbers/#comment-2447402 Sat, 03 Aug 2019 12:37:23 +0000 https://www.thenewneo.com/?p=88897#comment-2447402 Well, it is good to see that Obama’s policies have finally paid off!

Thank you Obama!

(snark off)

]]> By: Roy Nathanson https://thenewneo.com/2019/08/02/employment-numbers/#comment-2447396 Sat, 03 Aug 2019 06:15:45 +0000 https://www.thenewneo.com/?p=88897#comment-2447396 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.

]]> By: xylurgos https://thenewneo.com/2019/08/02/employment-numbers/#comment-2447391 Sat, 03 Aug 2019 04:40:33 +0000 https://www.thenewneo.com/?p=88897#comment-2447391 Thank you Larry Kudlow. Thank you President Trump for enacting his advice.

]]> By: Chester Draws https://thenewneo.com/2019/08/02/employment-numbers/#comment-2447387 Sat, 03 Aug 2019 03:52:03 +0000 https://www.thenewneo.com/?p=88897#comment-2447387 Employment is a *leading* indicator. Especially increasing employment. It means firms are confident that in the future work will pick up.

]]> By: J.J. https://thenewneo.com/2019/08/02/employment-numbers/#comment-2447384 Sat, 03 Aug 2019 03:29:41 +0000 https://www.thenewneo.com/?p=88897#comment-2447384 Everywhere I go I see Help Wanted signs. The jobs are available, I hope the workers are too.

]]> By: Andy https://thenewneo.com/2019/08/02/employment-numbers/#comment-2447351 Fri, 02 Aug 2019 21:18:53 +0000 https://www.thenewneo.com/?p=88897#comment-2447351 Note that when assessing the economy, employment number is a lagging indicator or coincident at best.

]]> By: Geoffrey Britain https://thenewneo.com/2019/08/02/employment-numbers/#comment-2447348 Fri, 02 Aug 2019 21:10:37 +0000 https://www.thenewneo.com/?p=88897#comment-2447348 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.”

]]> By: I R A Darth Aggie https://thenewneo.com/2019/08/02/employment-numbers/#comment-2447331 Fri, 02 Aug 2019 19:48:15 +0000 https://www.thenewneo.com/?p=88897#comment-2447331 And a pity that Teh Won had such irredeemably bad luck.

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