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Notes to myself, possibly of interest to others.
-- Bill Northlich

Friday, May 7, 2010

Nonfarm payroll employment rose 290 thousand in April

What, I may have to eat my words?:
"I've noted before that we are unlikely to get under 8% top-line unemployment before 2020."

But, there is Rosenberg today
...what happened last month is that even with the nice headline employment gains, the labour force soared 805,000. The really critical number, which is not making the front pages, is that the ranks of the unemployed swelled 255,000 in April, the steepest increase since May of last year....demand is not keeping pace with supply and as a result, every measure of labour market slack widened in April.

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