3 Major Points in Yesterday’s Employment Report

By Econ70 | 01/08/2011

1) Workweek didn’t move; it’s stuck at 34.3 hours for the 3rd straight month. History says hours lead bodies so as a leading indicator there isn’t much evidence of improving labor demand 2) State & local governments are downsizing with 20k net job losses 3) Personal income data was very disappointing with average hourly earnings…

Read More