The employment report – Hurricane despair

It´s likely that the hurricanes that battered parts of the country were responsible for the first negative payroll in more than seven years. However, bars and restaurants will reopen cars vans and trucks and other durables replaced, so the coming months are likely to show a bounce back from the hurricane’s effects and a stimulus as rebuilding gets underway. Bad ideas, however, never die. Below examples of typical comments that reflect the Fed´s views “From our perspective, there is roughly only 1.3 individuals for every job opening and wage gains are in the pipeline with some inflation trailing behind.” “Sub-4%…

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