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Climb, Climb, Climb!! June 4, 2018

Posted by geoff in News.
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The press is abuzz with superlatives over the latest employment situation report. In fact, even our own lauraw crawled out of her nest of human remains to put up a post about it at Ace’s.

But were the numbers really all that great? Not until IB says so:

FullTimeEmpvsCivPopJun2018Report

Not too bad, actually. In fact, this is the best showing since September of 2008.

But that curve is still awfully flat.

Comments»

1. Retired Geezer - June 4, 2018

I knew Lauraw before she was famous.
She even sent me a tuber.

2. lauraw - June 5, 2018

Interesting. The Chart™ is nearly always interesting. I would love to see that line take off. I guess much of the increase lately must be part time work?

A lot of the jobs that the older people lost back in 2009 really aren’t coming back, that much is true. I know a lot of those people have downsized and cobbled two and three little jobs together to stay afloat. But that good higher income they used to have within a long previously solid career trajectory, nope. The world has changed a great deal, and those folks aren’t going to get back onto a professional track unless they change to match the new reality. And a lot of older people either can’t change/ put in that kind of training or don’t want to.

I’m glad I was able to pivot to a new thing. I feel very very grateful and lucky.


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