The Proper Analysis of the Jobs Numbers
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RUSH: Let me move on to the jobs numbers here. What is it, 75,000 new jobs, said to be “a big miss.” Wage increases kind of “fade” a little bit, it says here, and the Fed says, “Hey, you know what? We might have to cut rates here to spur the economy.” Wall Street loves that. So maybe this ain’t all that bad. But you have to look at this a different way. Folks, for the past three months, we’ve had over a million more job openings than there are job seekers. Isn’t it fascinating how people forget that, if they ever knew it?
That kind of thing is never highlighted in the mainstream media. But we have over a million jobs open, more than a million more than there are people seeking them. I don’t know how you have a better definition of full employment than that.
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