The Fed’s Paint-By-The-Numbers Delusions About The Labor Market

Another “jobs Friday” brought a predictable outbreak of delighted squeals from the bubblevision commentariat. This is shaping up to be the one of the best years for jobs growth during the entire 21st century, they gushed. Well, now. Here we are nearing the end of 2014 and the nation’s once and mighty “jobs machine” is fixing to utilize no more labor hours this year than it did […]
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