Payrolls rise for the 3rd consecutive month; Net job creation will start occurring when the change in payrolls is plus 200,000.
Payrolls Rise and Unemployment
Source: WSJ, Labor Department
The unemployment levels peaked in 2002 at 6.5%. While joblessness may be up from the peak levels during the 1999 and 2000 bubble, 6% is considered an historically modest level.
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Quote of the Day
“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”
–John Maynard Keynes