Quote of the Day: That the job number ‘blew past expectations’ - TopicsExpress

Quote of the Day: That the job number ‘blew past expectations’ is a testament to how beaten down our expectations have become. A normal recovery would see at least a few months of job growth in the neighborhood of 400,000 new jobs or higher – but we have yet to see any such thing as we ever so slowly pull out of our slump. – Steven C. Kyle, an expert in macroeconomics and government policy and an economics professor at Cornell’s Dyson School of Applied Economics and Management, says that the celebration over 288,000 new jobs reported in today’s Bureau of Labor Statistics Employment Situation Summary is not an indication of a robust economic recovery, but instead an indication of how low national economic expectations have become.

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