The Bureau of Labor Statistics has made some nice upgrades to their jobs report highlights. Always makes me laugh that “drinking places” is an official government stat. Interesting too: January marks 35 consecutive months without a job loss in this industry. Food services and drinking places recovered all the jobs it lost in the most recent recession, and employment is now 441,000 above its most recent peak reached in December 2007. Prohibition be damned. Booze and other vices obviously help the economy.
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- Regulations, Lack of Well-paying jobs Keep Housing Starts Low.
- Existing Home Sales up.
- Purchase Market Remains Soft.
- Inflation (and just about everything else) Contained
- Homebuilder Confidence Increases.
- Inflation Contained.
- Jobless Claims up but still low.
- Weak Jobs/Regulation Hurting Housing
- Job Openings up.
- 1stQ2014 Unit Labor Cost Revised Sharply upwards.