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View Diary: Another month of weak job growth as the official unemployment rate drops to 8.1%. U6 at 14.5% (203 comments)

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  •  Before you all panic, don't... (1+ / 0-)
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    PorridgeGun

    Productivity had a drop in the last month.

    The best way to deal with this is hiring people.

    Gas prices are plunging today. Oil is now below $100. The last time this happened (around this time last year), hiring spiked.

    I will bet that in a month these numbers will be revised upward. The Labor Department seems to pick the worst case scenario and is often too pessimistic.

    Though, the folks on Fox and Friends will tell you different..

    •  Gas prices surged during these months to ovre $4 (0+ / 0-)

      and no one questions why the economy slowed down.

      It couldn't continue because it was an artificial price spike based on speculation and the economy was better able to handle it so it will be shrugged off as the summer gets under way.

      The fundamentals of our economy are actually pretty strong.

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