June 2, 2018
Pelosi: 'Strong employment numbers mean little'
By Rick Moran
The New York Times headline reporting on the May jobs numbers that came out yesterday might go down in history:
"We ran out of words to describe how good the jobs numbers are"
The real question in analyzing the May jobs numbers released Friday is whether there are enough synonyms for “good†in an online thesaurus to describe them adequately.
So, for example, “splendid†and “excellent†fit the bill. Those are the kinds of terms that are appropriate when the United States economy adds 223,000 jobs in a month, despite being nine years into an expansion, and when the unemployment rate falls to 3.8 percent, a new 18-year low..
“Salubrious,†“salutary†and “healthy†work as words to describe the 0.3 percent rise in average hourly earnings, which are up 2.7 percent over the last year — a nice improvement but also not the kind of sharp increase that might lead the Federal Reserve to rethink its cautious path of interest rate increases.
Did aliens slip some mind altering drug into the brains of New York Times editors?
No, but someone needs to give Nancy Pelosi a happy pill.
more
https://www.americanthinker.com/blog/2018/06/pelosi_strong_employment_numbers_mean_little.html