Dollars and Jens

The brothers Jens talk finance, economics, and the like.

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Dollars and Jens

Friday, September 05, 2008

jobs, or lack thereof

So what on earth are we producing 3.3% more of if nobody's doing the producing? The employment data are just emphatic that we're in a recession, and the growth data are just not. Big temporary moves in productivity are possible, but if this isn't just noise, either some sector of the economy is seeing dramatically improved labor productivity or the more productive sectors are increasing in size relative to the less productive sectors. This almost makes me want to go do some research as to what's going on.

- posted by dWj @ 11:31 AM