Payrolls rise for the 3rd consecutive month; Net job creation will start occurring when the change in payrolls is plus 200,000.

Change in non-farm payrolls vs. GDP
(doubleclick for full image)
employment_and_gdp_growth.gif

Payrolls Rise and Unemployment
payrolls_rise.gif
Source: WSJ, Labor Department

The unemployment levels peaked in 2002 at 6.5%. While joblessness may be up from the peak levels during the 1999 and 2000 bubble, 6% is considered an historically modest level.

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Quote of the Day

“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”
-John Maynard Keynes

Category: Finance

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