Wednesday, March 2, 2016

Private Sector Job Gains Blow Away Keynesian Econometricians' Forecasts

U.S. private employers added 214,000 jobs in February, above Keynesian econometrians' expectations.

Keynesian economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 190,000 jobs, with estimates ranging from 160,000 to 225,000.

"The jobs market is very healthy," said Mark Zandi chief economist at Moody's Analytics a subsidiary of ADP.

If companies continue to expand their payrolls, the economy would achieve full employment by mid-year, he said.

This is not what a recession looks like.



  1. So what about the Jim Quinn assertions in the article posted on Rockwell's site today, entitled "The Great Corporate Earnings Fraud"? Would you agree that, even if you don't believe that it is yet a recession, one appears to be fairly imminent. Would you agree with that?

  2. Isn't employment always a lagging indicator of overall economic performance?

  3. How many of these jobs are full time? Full employment with part time jobs? This is a Keynesian dream come true.