“Friday’s strong jobs report”?
Until hiring hits >350,000, we’re in a holding pattern. The percent of adults working remains at historic lows. Just because everyone’s given up and is on the dole in one form or fashion doesn’t mean jobs are back.
This is incorrect. Hiring occurs in the hundreds of thousands a week. Just like firings. The +165K is NET (hirings less firings). Just some facts for you:
Average NFP increases under Reagan? +166K Average NFP increases under Bush 41? +93K Average NFP increases under Clinton? +196K Average NFP increases under Bush 43? +19K Average NFP increases under Obama? +20K
The average from January 1981 (when Reagan took office) through now? +115K
Out of the 388 months in this sample, increases in NFP have been greater that 350K just 27 times.