U.S. Job Cuts, Job Claims And Job Creation: The Labor Economy Doing Just Fine – Seeking Alpha article
By: Tim Worstall
Even though this article was written at the end of CQ3 of this year, it contains a ton of great information.
In a nutshell, there are always economists that look at various indicators and believe a recession is “right around the corner,” and others that look at those same indicators and say “the economy looks great for the foreseeable future.” So whom should you believe?
As you can imagine, no one can really tell you when a recession will happen. Anyone that claims to know that is only guessing – educated guessing – but guessing nonetheless. Of course, when the newscasters start to tell us to “be on the lookout” for this or that, we do have to accept the responsibility of acting in a competent manner, and not have it become a self-fulfilling prophesy.
Our job then, is to continue on as we have – working and spending (within our means, and only after our 401Ks are fully funded and we have 6-12 months of savings in the bank) – and letting the chips fall where they may.
[***Be part of the solution. “Like” and “Share” this so that others in your network will benefit from this post. You never know who’s looking for a new job.
Your unemployed friends will thank you for that.***]
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