>Heard a rosy interpretation of the disappointing
>employment report on the radio this morning. Some
>fellow (from an investment house or similar outfit as
>I recall) said this meant the "red hot growth" of
>recent months was easing into a "healthier",
>steady-state rate of expansion.
Oops. Nope, nothing healthy about it. The numbers are crappy. We need stronger job growth to sustain the expansion, and 32k ain't it.
Doug