It’s in the Details – February Jobs Numbers (Video Blog)
February jobs and unemployment data came out on Friday (March 7). Details of the release were pretty good! Here are some of my thoughts on the numbers and how they’ll impact the Fed’s thinking.
It Takes a Village
In the past 40 years, the U.S. economy has seen five different recessions. In most of those recessions, we lost about 2 percent of our workforce (including 2001). It then took about 2-3 years for the subsequent economic growth to regrow those jobs back to the pre-recession level. With the 2001…