[Conservomax]

Jobs are always the last thing to turn. Businesses need to be making money for people to be hired, That can only happen if consumer spending goes up, which it has - once the labor market gets tight, a boom happens, everyone has money, inflation goes up, then interest rates, then people stop spending money, businesses start to lose and people get laid off.

That's life in a cyclical economy.

[maui_hawaii]

Its a chicken and the egg question...somewhat at least...

Do you have a boom because employment is good, or is employment good because of the boom?