If 204,000 jobs added can bring the U-3 unemployment rate down 0.3% then to go from the current (Nov '13) 7.0% to 5.0% should take just another 6 months, April/May '14. Right?
Then again what if the 204,000 and 7.0% numbers are because the Census is constantly adjusting seasonal factors and the last several years retail hiring for holiday traffic has been historically low. A simple return to more normal hiring would mess with recent assumptions.
And today's graph of Working v Not Working:
2 comments:
Moving goalposts...sleight of hand...all useful tools for the tools in the propaganda machine...
Lookin' forward to that negative unemployment rate in a few years assuming recent trends hold!
Also planning to use the wealth effect to buy the planet Mars for its future real estate value!
Hey, a guy can dream. Right? ;)
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