Beige Book, Manhattan Grads, Employment
Started by aboutready
over 16 years ago
Posts: 16354
Member since: Oct 2007
Discussion about
http://blogs.wsj.com/economics/2009/06/10/beige-book-pawn-your-stuff-to-pay-for-your-wedding/ Bad news for recent college grads coming out of the New York district: “A leading New York City employment agency notes that, despite some pickup in hiring activity, there has been no noticeable change in the large queue of job-seekers; there are very few opportunities for people now graduating from college, and a sizable proportion of 2008 graduates are still looking for work.”
People seem to keep missing this, but the reduction in claims we're so happy about still means there are LESS jobs this month than last.
Way too many people are confusing a slow in the DECLINE versus actual improvement.