Snow was right! We are in the midst of a JOBS MIRACLE!
Better yet, we can now predicted with absolute certainty that 250,000 plus jobs will be created every month from now till the election in November. (After which I would expect a serious slowdown.)
Now, the labor force participation rate is frozen in place. And, hours and wages are not moving much. And, big companies are still announcing major layoffs, and plant closings. And, retail spending is lackluster.
BUT, NO MATTER!
THESE JOBS ARE GOING TO BE "CREATED," NO MATTER WHAT!
EVEN IF THEY HAVE TO BE CREATED OUT OF WHOLE CLOTH! (Made in China).
SNOW WAS RIGHT; WE ARE IN THE MIDST OF A "JOBS MIRACLE."
BUT, LIKE MOST MIRACLES I WOULDN'T TAKE IT TOO SERIOUSLY.
AND, ACTUALLY FINDING A JOB? YEAH RIGHT! LOL........
Welcome to the ECONOMY AS THEATER! It's an election year after all.
Even the bond market is taking the JOBS MIRACLE with a grain of salt now! And, that tells you a lot.
