re: Ouch! 275k Jobs Added in February

quote:

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These mean there are still larger numbers than you want to see when you're needing the economy to contract.

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Crap typing on my part. What I meant to say was "these are still larger numbers than you want to see".

If you're engaging in monetary tightening policy, continued strong job numbers are the opposite of what you want to see. Even the revisions downward are a bit too strong for the rates and length of time they have been in effect. Unemployment going up is a positive in such an environment but it's doing so far too slowly.



This resistance and the stickiness of inflation are all tied together and the story they tell is that rates haven't had the intensity of impact the Fed was hoping for.