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'I See A Labor Market That Is Looking Hotter And Hotter'
BI ^
| 9-2-2015
| Myles Udland
Posted on 09/02/2015 9:18:05 AM PDT by blam
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To: blam
>> Deutsche Bank’s Torsten Sløk
He’s got a REALLY COOL name; he must know his stuff, right?
21
posted on
09/03/2015 4:49:39 AM PDT
by
Nervous Tick
(There is no "allah" but satan, and mohammed was his demon-possessed tool.)
To: SeekAndFind
DOES THIS BLS DATA LOOK LIKE A HOT LABOR MARKET? The BLS puts out enough data for everyone. BI uses the 'uneomployment' to show a tight labor market (...there are now 1.5 unemployed workers per job opening, down from 6 in 2009..) and their graph shows hard numbers that are absolutely true and also absolutely misleading. Problem stems from using the unemployment level which is just the number of employed subtracted from our shrinking workforce. We need to use the "not-employed" which is the population minus the employed:
Big drop in the unemployed with no drop in the not-employed.
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