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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (72671)	10/23/2006 3:36:02 PM
From: Mike Johnston	Respond to of 110194

Businesses have to hire more employees if activity is rising and/or productivity is declining. Some of the employment gains might be caused by productivity going down for example due to more government regulation and compliance requirements, more complicated production processes, quality control issues etc. Considering the fact that inflation is understated, true productivity has been weak. As i said, the high end is very strong and it is responsible for many new jobs ( horse massage business ?) while anecdotal evidence indicates weakness at the low end.