[lbo-talk] employment

[Brad DeLong]

>Brad DeLong wrote:
>
>>They're not "pretty good numbers". They're just not putrid numbers. 
>>You've gotten yourself anchored to the wrong set of benchmarks...
>
>The two-month gain is the best in three years.
>
>The employment/pop ration was up 0.2 point. The unemployment rate 
>was held up by labor force re-entrants. Diffusion indexes improved 
>markedly. Like I said, it's still only about half the long-term 
>average, and a third what we'd be seeing in a normal early recovery, 
>but been down so long it looks like up to me.
>
>Doug
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After the chocolate ration has been cut thirty months in a row, do 
you cheer when it is raised in three?

Brad DeLong