Floyd Norris comments on the good news about employment.

But for now note that the last time the unemployment rate fell 0.9 percentage points in three months was in 1983. That was when the economy finally started to rise rapidly after the early 1980’s double-dip recessions.

An important point to remember is that almost every economic statistic has been looking up, with the notable exception of the jobs figure. Now it seems to be falling in line.

A Happy International Progress Day to you and yours!

Drop me a line at rjk@dailyblague.com
This entry was posted on Friday, March 4th, 2011 at 10:30 am.