LABOR PAINS

We should consider whether or not we have the fiscal and monetary policies in place to support this level of participation and economic expansion


LABOR PAINSI’ve written about labor issues in these pages many times. However, it seems that each recent jobs report, there is more to say about what is going on in this country. Right now, I am bullish on the economy and think we are going to continue to see positive growth. There might be some small corrections over the next several months, but for the most part, things are looking good. This past month, the Bureau of Labor Statistics reported that 304K jobs were added. That’s a good number. The unemployment rate is low, approaching “full employment” as defined by many economists. However, as I have cautioned before, the unemployment numbers are not always the best indicators of the health of our labor force.
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