More confusion for the Keynesians, who have no understanding of the business cycle and thus no early clue as to when it is turning upward.
The Rasmussen Employment Index, which measures workers’ perceptions of the labor market each month, gained five points in November to reach 76.8. Says Rasmussen, generally speaking, an increase in the Rasmussen Employment Index suggests the upcoming government reports on job creation will be better than the prior month.
The index has been climbing for a few months now:
November 2011
76.8
October 2011
71.7
September 2011
73.4
August 2011
69.3
July 2011
70.1
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