Kangaroo Feathers
Yea, it is written in the Book of Cyril...
If Unemployment Is So Low Then Why Don't I Feel Better?
"Today, the BLS announced that March nonfarm payroll employment increased by 263,000 and that unemployment fell to 3.6%.
This exceeded already high expectations of 210,000. The optimism was in part a function of the ADP Employment Report that had been released earlier in the week, which indicated that private-sector employers had added 275,000 (the forecast had been 180,000). Economists had actually cautioned that this was likely an overstatement of the true situation, but it was difficult not to take it as a positive sign.
With U.S. unemployment so low and the current expansion approaching record length, many have asked why this doesn’t feel like a better economy. It’s certainly an improvement over what prevailed a decade ago, but the 1990s this ain’t. There are a number of reasons why this is the case:"
Read the rest here; If Unemployment Is So Low Then Why Don't I Feel Better?
"Today, the BLS announced that March nonfarm payroll employment increased by 263,000 and that unemployment fell to 3.6%.
This exceeded already high expectations of 210,000. The optimism was in part a function of the ADP Employment Report that had been released earlier in the week, which indicated that private-sector employers had added 275,000 (the forecast had been 180,000). Economists had actually cautioned that this was likely an overstatement of the true situation, but it was difficult not to take it as a positive sign.
With U.S. unemployment so low and the current expansion approaching record length, many have asked why this doesn’t feel like a better economy. It’s certainly an improvement over what prevailed a decade ago, but the 1990s this ain’t. There are a number of reasons why this is the case:"
Read the rest here; If Unemployment Is So Low Then Why Don't I Feel Better?