For the Economy, the Present Doesn't Matter. It's All About the Near Future. - The New ... - 0 views
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The economy is at a major inflection point, and the question is whether job creation will accelerate in the months ahead.
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The new jobs numbers that the Labor Department released Friday morning don’t matter.These numbers can sometimes be unimportant in the sense that any one economic report offers only a partial view of what is going on, and is subject to margins of error and future revisions.
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One worrisome sign in the new employment numbers: State and local governments appear to be cutting jobs en masse. They cut a total of 83,000 positions, about 69,000 in education.
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