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Jobs Report Blows Through Expectations, But Market Likely To View Numbers As Stale
It's safe to say the February jobs report will be described as some semblance of "stale" give how dr
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Objectively, as the economy moves towards 100% employment, it becomes more and more difficult to annually add 2+ million jobs.
With a few tweaks, there is a reasonable chance that the economy will return to strength when we come out of the C-virus tunnel. Especially, if US actually brings a “baseline” of critical manufacturing back to US.
I’m trying to understand how that bringing-manufacturing-back-to-the-U.S. idea works. Most mass industry shops in this country are unionized, which means you’re paying entry-level employees $20 — and even if they’re not unionized, you’re paying $14/$15 (starting wages — pathetic, I know). Compared to $4 or $5 in Mexico or Pakistan or China. Those jobs aren’t coming back to the U.S. or Canada. They may go to Vietnam or Cambodia or Brazil but, barring a collapse of the global economy, they’re not coming back here. American consumers will not — and cannot afford to — pay 2x, 3x, 4x for their cars and electronics and clothes. It’s hollow rhetoric designed to disguise the real agenda: global American hegemony today, tomorrow, for rest of the 21st century.