Monday, January 12, 2015

2014 Was The Best Year For Jobs Since 1999

Yet another reason to keep in mind that the Fed creates a Boom-Bust cycle. It's not only a bust. There is also a distorted boom phase, which is ongoing at present.

The U.S. economy added 252,000 jobs in December, the Bureau of Labor Statistics said Friday. That’s the 11th month in a row that job growth topped 200,000, the first time that has happened since the mid-1990s. For the full year, employers added nearly 3 million jobs, making it the best year since 1999.

1 comment:

  1. Do you really take those BLS stats at face value Wenzel? That seems a little naïve to me. The best attitude regarding government statistics is that they are all propaganda. Birds fly, fish swim and government bureaucrats lie. A lot.