The average rate of growth in private payrolls has slowed down steadily during the last months to a level that may mark an inflection point. Any lower than this and the economic expansion is in peril, similar to 2007. We could see a bounce from here, the most likely scenario, but it could tip the Fed towards tapering early next year.
3 comments:
Thank you for continuing this wonderful blog..I learned a lot and enjoy it a lot!
Tony
Wow, that was a long recess...
Anyway, nice surprise to see you coming back, hope you will be here for a long time.
OR
Thank you both for the kind words!
The blog marches forward ...
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