- The hallmark of the employment report was the litany of non-ratifying barometers that fell short of validating the bullish message from the headline
- Even if the headline improvement is telling the accurate story, we have to again emphasize that there are only two ingredients that go into economic growth: How much the workforce rose (bodies and hours) and how productive it was (output per hour worked)
- The jobs market has been wholly inadequate in terms of generating organic income growth
Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich
Friday, May 6, 2011
Rosenberg Soundbites on Jobs Data
Today’s jobs data was a mixed bag, pure and simple