Friday, April 1, 2016

The Jobs Keep on Coming

The strength, no doubt, surprised both Austrian-lites and Keynesian econometricians.




From MSNBC:
[T]his is another encouraging jobs report – including a heartening bump in average hourly earnings – that reinforces the belief that the U.S. labor market is resilient and healthy. Indeed, the overall labor force has grown by over 1.9 million workers since November – more Americans are entering the job market – which is the strongest totals we’ve seen in 16 years.

This is not what a recession looks like.


-RW

8 comments:

  1. For a guy who's a big talker on his knowledge regarding the ABCT, once again shows his ignorance of ABCT. The bust happens first in the Capital Sector of the Economy, Maynard Wenzel. That's why you see no growth in those job numbers in manufacturing Payrolls dropped in almost every manufacturing sector, and machinery led the way (-6K).

    Where was the growth in the RETAIL sector of the economy. But,keep deluding yourself that the economy is growing. Keep going to MSNBC or Bloomber to support your own nutty narrative. Austrian-know-nothing.

    ReplyDelete
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    1. Dude um there are lots of reasons why manufacturer jobs are reducing. It may even be because employers are investing in more capital to reduce the number of workers needed. I work at a place that is as high up on the capital structure as you can get with products. Record orders for big machines and we can't hire enough skilled labor to put them together.

      If you want to look at capital spending. Look at capital spending not manufacturing jobs.

      Delete
    2. The manufacturing sector is not the capital sector. Manufacturing is down due to the strong dollar.

      Delete
  2. "Nearly two-third of all jobs, and the three top categories of all job additions, were once again all minimum wages jobs."

    ReplyDelete
    Replies
    1. So what does that have to do with the business cycle?

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  3. It's calling out your post re: the Orwellian jobs #'s. You know it's BS but your trotting this nonsense out like it's something that it's not.

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  4. More government charts screaming victory. To the post above about minimum wage jobs driving the recovery, there is no middle class driving the recovery. You have part time minimum wage jobs (obama victory) being added to a economic indicator that includes Silicone valley jobs. Very low & very high. The business cycle is completely manipulated by fed & gov money. Not private US household money. The other screw in the system is foreign investment, they are running out of places to put there money, this is obvious if you follow capital flows. The US business cycle is not healthy, it's a complete fraud living off of gov. manipulation and foreign capital cash flow.

    ReplyDelete
    Replies
    1. Part time employment fell by 35,000. Remainder of your post is also factually inaccurate.

      Delete