While some continue to believe that the Federal Reserve has lost its "ability to get the economy going," though no one has provided me with a theory as to why this Fed Dysfunction supposedly occurs, back in the real world the Fed manipulated economy continues to climb in the sectors one would expect them to climb, in line with Austrian School Business Cycle Theory.
Consider construction.
Construction employment increased in 43 states including the District of Columbia since last year, the Labor Department reported on Friday.
The West and the South led the way: Arkansas, Idaho, Kansas and Nevada have posted double-digit percentage growth in construction employment since October 2014, while California added the most construction jobs overall.
-RW
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