I plan on taking a look at the employment later and see if it has any implications or insights in to the state of the economy. However, I saw a headline that I thought was bit interesting. It stated that the 165,000 jobs the BLS stated the economy created in April was a pleasant surprise. This, at least in my mind, follows the narrative concerning the state of job creation in the U.S. and the reset of the hurdle rate of what is an acceptable jobs number.
Put it this way, the 165,000 jobs created in US is far short of what is needed relative to population growth. Over the last five years, population has grown by an average of 200,000 people per month. Jobs creation has consistently underperformed this hurdle rate for years.
Put it this way, the 165,000 jobs created in US is far short of what is needed relative to population growth. Over the last five years, population has grown by an average of 200,000 people per month. Jobs creation has consistently underperformed this hurdle rate for years.
No comments:
Post a Comment