On Fri, Nov 5, 2010 at 10:28 AM, Robert Munn <[email protected]> wrote: > > Better, but nothing like we need for a recovery. 150,000 a month barely > keeps pace with population growth. The participation rate is at a 25 year > low of 64.5%: > > http://www.zerohedge.com/article/labor-force-participation-rate-drops-25-year-low-645 > > > That's bad.
Oh, I agree completely. The economy is very very far from good. Or adequate. At the same time, people are perhaps overly pessimistic because they have bad information. Private sector jobs have been in the positive for 10 straight months. Things seem to be ticking up a bit in that area. As those trends continue, it will have a broader effect as consumer demand will increase (as we've started to see) which will fuel further private sector job growth. As those jobs settle in, tax receipts will start to increase and the slaughter of public sector jobs will be staunched. Those will lag private sector job growth because of the nature of tax revenue collection and the measures taken during the downturn. Gradually it should get back above replace level and we'll see a decline in the unemployment rate. Now, an excellent next question is: Will the new "natural" unemployment rate be similar to what it was before or is the economy we have coming out of this great recession fundamentally different in some important ways? Judah ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:331231 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
