San Diego employment was up in November, per the Employment
Development Department’s latest estimates:
continue
reading at voiceofsandiego.org
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San Diego employment was up in November, per the Employment
Development Department’s latest estimates:
continue
reading at voiceofsandiego.org
You must be logged in to post a comment.
December 18, 2011 @ 7:28 PM
If the job recovery continue
If the job recovery continue at the rate it has been growing over the last 2 years, we probably will be back to peak employment level in about 2 years. Not too shabby.
December 20, 2011 @ 9:07 AM
Definitely a very positive
Definitely a very positive data point. Even the bubble sectors have added jobs for the past 5 months, while private non-bubble looks to be picking up steam. Hopefully this can create a nice snowball effect as more jobs creates more demand.
December 20, 2011 @ 9:33 AM
poorgradstudent
[quote=poorgradstudent]Definitely a very positive data point. Even the bubble sectors have added jobs for the past 5 months, while private non-bubble looks to be picking up steam. Hopefully this can create a nice snowball effect as more jobs creates more demand.[/quote]
I made this same point when jobs were plummeting, and people were making basically the exact opposite point that you are. Employment is a lagging indicator of economic growth. Which is another way of saying, the causality doesn’t go from jobs -> growth, it goes from growth -> jobs. So while these numbers are interesting in their own right, I don’t think they have much predictive capability.
December 22, 2011 @ 4:46 PM
Rich Toscano
[quote=Rich Toscano][quote=poorgradstudent]Definitely a very positive data point. Even the bubble sectors have added jobs for the past 5 months, while private non-bubble looks to be picking up steam. Hopefully this can create a nice snowball effect as more jobs creates more demand.[/quote]
I made this same point when jobs were plummeting, and people were making basically the exact opposite point that you are. Employment is a lagging indicator of economic growth. Which is another way of saying, the causality doesn’t go from jobs -> growth, it goes from growth -> jobs. So while these numbers are interesting in their own right, I don’t think they have much predictive capability.[/quote]
But couldn’t one argue that a better job market increases optimism and confidence, which would make people more inclined to spend and take on more debt, resulting in higher demand/growth?
Either way, this is definitely good news. I hope this trend continues.
December 22, 2011 @ 10:43 AM
Nice it explains a lot.
Nice it explains a lot. Thanks.