Friday, 2 September 2011

Flat Payrolls Is A Black Swan Event

Some hilarity from Kathleen Madigan of Dow Jones :
8:45 (Dow Jones) Do you know how hard it is to tally up a labor force of 131 million workers and get absolutely no change month-to-month? Eyeballing the monthly revised payrolls number, it looks as if it hasn't happened since 1945. The closest in recent history was mid-2003 when payrolls dipped 2,000.

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