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Old Posted Jul 26, 2019, 3:28 PM
OrdoSeclorum OrdoSeclorum is offline
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Join Date: Mar 2010
Posts: 594
Quote:
Originally Posted by marothisu View Post
Pretty much. Just look at the change in non-farm jobs between January 2019 and June 2019:


Source: https://www.bls.gov/regions/home.htm
This is obviously great news. And obviously there's a real, big bump. But 35,000 jobs a month is 420,000 jobs a year, which equates to about a million residents. If we assumed those folks move here, which they would need to if this rate of job creation continued.

This sets off a few quiet alarms for me. I can see adding jobs at that rate if we'd just come out of a steep recession or if there was an error in seasonal adjustment. I could be wrong, but I'd bet on that being revised down a bit to some other very-good-but-not-THAT-good number, since the rate seems literally in-credible.
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