Good jobs report considering upward revisions in past two months. Unemployment rate would jump if people felt confident enough to look tho.
@NumbersMuncher which in and of itself might be a good sign, unless they still couldn't find work.
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@DavidMDrucker Yeah I guess assumption is at least at first they wouldn't find work to push UE rate higher as they looked again. -
@NumbersMuncher Low or dropping LFP is bad. Higher confidence & increasing LFP cld lead to temp higher jobless, but cld signal recov. Or not -
@DavidMDrucker Yeah a good thing in almost any case. Higher UE rate is bad from PR standpoint, but if jobs are growing to meet it wld be ok -
@NumbersMuncher I'm glad at least for a moment that we're done wondering how jobs#s affect horse-race#s. Don't miss that. -
@DavidMDrucker Yes! Hopefully no more of that until maybe next fall... A nice break! -
@NumbersMuncher Maybe you can correlate some obscure statistic to an obscure poll internal. :) -
@DavidMDrucker I should do some warmup exercises before midterms, but I'd probably still screw it up :)
End of conversation
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