Extremely misleading because those numbers are not adjusted for inflation.
And the economy is not growing fast enough for extra hiring to kick in.
http://www.nytimes.com/2010/11/24/bu...my/24econ.html
Quote:
The increase in output in the third quarter was driven primarily by stronger consumer spending. Wages and salaries also rose in the third quarter, which might help bolster holiday spending in the final months of 2010.
|