The job numbers are a bit of surprise now, although I suspect some slowing in the economy soon.
Production is up, sales are up, and all that can exist without job growth.
The last 18 months have shown some progress for low-wage workers. But the majority of gains have been at the upper end. My guess is that the gap is going to be widening. Is everyone going to be better off? I don't think that narrowing is going to be a long-term trend.
We ... believe this removes the potential for one of the most important sources of significant upside to our revenue projections, which is the key factor in our investment recommendation.
The essential point is accurate.
This is not a strong period in our economy or the national economy, but unlike a decade ago, we're not doing worse.
It's just false that we're in some sort of economic catastrophe.
We need about 20,000 to 25,000 jobs a month to keep pace with labor force growth, and we've been there recently.
What the governor has done is make it OK to talk about investing for our future. Whether you agree with the details, there's now a bipartisan discussion about our future needs - that's huge.
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