Wednesday, December 1, 2010

Private Sector Job Growth Highest in 3 Years

I think this is real.

U.S. private employers added, a stronger-than-forecast by the Keynesians, 93,000 jobs in November, the biggest rise since November 2007, after an upwardly revised gain of 82,000 the month before, according to data released today by ADP Employer Services, which jointly developed the report with Macroeconomic Advisers LLC

Bernanke's re-investing of cash flow, of the MBS payouts he has received, has boosted 3 month money supply (M2) growth to 7.6% on an annualized basis.  This is starting to have an impact. And keep in mind this is before QE2 kicks in.

But keep in mind this is also going to lower the demand to hold cash (If you have a job you don't husband the cash the way you do when you are unemployed), which is going to be highly price inflationary.

2 comments:

  1. Remember its the holiday season and the report doesn't mention that much of the job growth could be related to seasonal positions (mall Santa Clauses, elves, and what-not) But it says that this past November has been highest than the last two so we will see.

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  2. If only the Christmas season were made to last all year. I got it! The government through its omnipotent powers can just make a decree that Christmas shall come six times a year. Problem solved and now the central planners can rest.

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