Two of the three recent months are above the midpoint line that divides the average layoff performance in recessions from normal layoff periods. This suggests the job market is getting to be more like it is in bad times than in good times,
More Quotes from Robert Brusca:
But even if you have a weak number next month, even if you get zero growth, you'd be averaging about 150,000 new jobs a month (for the last six months.) So the Fed would need to see something less than zero to change its mind.Robert Brusca
What's going on here is we've got a lot of growth. We've seen very, very strong consumption.
Robert Brusca
There are so many low-paid people who are educated that education is simply not the answer. The answer is, you will be unemployed if this is not stopped.
Robert Brusca
During this recent period there may be some extra spending on the part of those recovering from hurricane disasters. But it is also true that comprehensive consumer spending has been outstripping income growth over this period,
Robert Brusca
You count up the products (showing price increases) and you see there's a little more pressure just below the surface, ... The overall energy number showed a big decline. That covers up a lot of ills. But the PPI was the warning shot across the bow. With the CPI report we dodged the bullet.
Robert Brusca
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