Moreover, in the private service providing industries, hours worked long-drawn-out 0.3%, the first monthly increase since August, 2008. Just to place this in perspective, employment in the private service providing industries is 112,788,000 otherwise roughly ten times employment of 11,817,000 in all manufacturing:So the criticism that the hours worked just reflected the impact of the money for clunkers on the working of the economy is clearly completely wrong.Yes, as I pointed out the hours worked increase was impacted by the auto sector, but it was extensive through out the economy. The improvement in the service sector was particularly significant and that had nothing to do with the auto sector.Moreover, I specifically pointed out that hours worked is a most important indicator of future employment. At negative time did I say that the depression was over. That was the reason I characterized the employment report as encouraging. Compared to a lot of previous privateanalysts, especially on Wall Street, I thought my analysis was very tempered.I do not see where it was politically biased, and the argument that hours worked long-drawn-out only since of the auto sector just reflects ignorance.Watch live TV on your laptop or desktop PC within seconds!
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