SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (3419)4/2/2004 11:31:27 AM
From: CalculatedRisk  Read Replies (1) of 116555
 
It is a strong report. But the question is: Is it sustainable?

First, we had 72K grocery workers added back to payrolls (the exact impact is not clear), and we had 70K construction workers added. I think construction will have negative jobs for the remainder of the year. (Maybe the next few months will add some, but nothing like 70K).

As you noted, average hours worked declined from an already low level (very unusual for rising employment). Real hourly earnings also were flat (or declined slightly).

I do not think this is sustainable. IMO, that is the key.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News