Zeev's Turnips Patch-No Politics (ZEEV)

[orkrious]

If labor continue expand at a clip of 300,000 new jobs every month for another quarter, we add at least 1% to consumer "capacity to spend"

zeev, how do you reconcile the fact that there really aren't 300,000 new jobs each month? most are created using the birth/death model which is based on algorithms applicable to the bubble years

http://www.idorfman.com/Charts/birthdeath.html