1. Friday, April 2, 2010 - 8:52 AM
"The March increase included 48,000 temporary workers hired by the government to help conduct the 2010 census. Average hourly earnings fell and hours worked rose."
This is good news? Until there are at least 150,000 private sector jobs created on a monthly basis this economy is treading water. And with those employed working longer hours for less money, why all the happy talk...except on Wall Street of course, where lower wages and less employees means higher corporate profits due to a decrease in labor costs. As far as the direction of interest rates, just look at the mantra from Bernanke, "an extended period of low rates".
This is good news? Until there are at least 150,000 private sector jobs created on a monthly basis this economy is treading water. And with those employed working longer hours for less money, why all the happy talk...except on Wall Street of course, where lower wages and less employees means higher corporate profits due to a decrease in labor costs. As far as the direction of interest rates, just look at the mantra from Bernanke, "an extended period of low rates".
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