Thank you for sharing!

Your article was successfully shared with the contacts you provided.

What should we conclude from the election and the latest employment data. First the employment numbers.  While the data seem good they are not great when you look at U6 and participation. Participation still has a ways to go to be vibrant. There are now a lot of people collecting money from the taxpayers and not paying taxes. It is clear that this is not sustainable and raising taxes is clearly not the solution, but would in the end be a loss of revenue. U6 has another 300 basis points to drop to be in line with an average good year in the US historically. That is a long way to go.  At current levels of job growth, it is just beating population growth, so to get where we need to be will require substantially better job growth. The latest Challenger data suggest that large companies have slowed hiring and anecdotal reports suggest employees are being stretched to the limit. It is going to take  awhile and some indication that Washington can actually accomplish something useful before employment steps up to where it needs to be.


Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.