Friday, July 6, 2012

Employment: What Can You Say?

The Lehmann Letter (SM)

What can you say when you’ve already said so much?

We need 250,000 more jobs a month – month after month, year after year – to drive down the unemployment rate. It’s just not happening.

And today’s employment report from the Bureau of Labor Statistics did nothing to change that assessment.

The report begins:

“Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported today….”

The second number can’t head south until the first number goes north.

 (To be fully informed visit

© 2012 Michael B. Lehmann

No comments: