Do these commentators actually run businesses and make hiring and firing decisions. The question answers itself.
There is no one to hire in Chicago. Some are out shooting people and some are dead.
>> “With the bounce back in new orders, employment will also bounce back, and ultimately everything flows from new orders...”
Yeah, that’s the conventional wisdom; it applied in the times before Obama’s socialism, when it was less problematic to hire employees.
Now companies are working hard to squeeze productivity out of existing staff, aided by generous application of automation.
Or sending the problem offshore.
What’s a PMI ?