Red hot job growth: Most sectors! 167,000 Jobs made last month!
http://www.foxnews.com/story/0,2933,241824,00.html
Wow - nice job. Wage growth over the last 12 months up 4.2%. This economy is red hot.
Wow - nice job. Wage growth over the last 12 months up 4.2%. This economy is red hot.
Comments
http://www.foxnews.com/story/0,2933,241824,00.html
Wow - nice job. Wage growth over the last 12 months up 4.2%. This economy is red hot.
Is that you, Scott?
Nick
The economy is going to be declared too hot and then the fed will start raising rates again.
Nick
John Crudele in the NY Post was speculating this the other day. We are getting our monetary ass handed to us by the Euro.
And 167000 is great if it weren't for the fact that most months last year not enough jobs were created to keep up with population growth...
This guy may or may not be a species of [ad hom], but he's actually more honest than scott, I think.
Still an absolute [ad hom], though.
Where did Scott go? Iraq?
It's Fox News so it must be true.
Where did Scott go? Iraq?
We locked him up.
John Crudele in the NY Post was speculating this the other day. We are getting our monetary ass handed to us by the Euro.
There are advantages and disadvantages to a strong Euro and or weak Dollar. Its not a negative thing for many sectors in our economy. For example, since the dollar is weaker, then heavy machinery, made in the US is cheaper then equivalent machinery made in a European country that uses the Euro. We sell more = more jobs.
This is not to say there are not disadvantages to a weak dollar – but it should not been seen as an entirely bad thing. AFAIK, the BOJ tries to keep the Yen : Dollar at 100:1 or more, , for the similiar reasons, to make their exports cheaper in the US - but I don't want to talk outside my field, so if I'm wrong on this point, then I'm wrong.
There are advantages and disadvantages to a strong Euro and or weak Dollar. Its not a negative thing for many sectors in our economy. For example, since the dollar is weaker, then heavy machinery, made in the US is cheaper then equivalent machinery made in a European country that uses the Euro. We sell more = more jobs.
This is not to say there are not disadvantages to a weak dollar – but it should not been seen as an entirely bad thing. AFAIK, the BOJ tries to keep the Yen : Dollar at 100:1 or more, , for the similiar reasons, to make their exports cheaper in the US - but I don't want to talk outside my field, so if I'm wrong on this point, then I'm wrong.
The last point isn't actually true. If a country locks its currency with another country, they are in essence the same currency and there is no advantage to one becoming stronger/weaker...
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