Nice jobs report on Friday. Let’s hope we get twenty or thirty more.
One good sign is that the broad U-6 measure of underemployment continues to fall. It peaked at 17.4% in October 2009 and was still as high as 17.0% last November.
In February it was down to 15.9%:
(As you may recall, the U-6 measures includes the officially unemployed, marginally attached workers, and those who are working part-time but want full-time work.)
Unfortunately, the US employment to population ratio has been trending sharply downwards since 2000 — more at:
http://wjmc.blogspot.com/2011/03/us-employment-to-population-ratio.html
It appears that the US is leveraging unemployment in order to generate growth and to keep inflation in check…
“Lies, damn lies and statistics.”
Many attribute that quote to Mark Twain, but I have it on good authority that, this quote is actually the entire Obama economic recovery plan