Saturday, July 03, 2021

Good News Economy!

The latest news about the economy is good.  In June employers added 850,000 workers, the largest monthly gain since last August.  And wages jumped for the third month in a row.  The leisure and hospitality businesses provided the biggest share of the gains, so obviously people are getting out of the house as the Covid threat (real or not) is lessening.

I always take these macro economic numbers with a grain of salt.  No matter what the numbers say, if you have a job and are making enough to live comfortably then all is well in your economic world.  If you don't, the statistics for the whole country are meaningless to you.  Your economic world isn't doing well.

But - all this qualifies as Good News!  So hooray for today!

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