Quote:
Originally Posted by AVGWarhawk
Companies do not ramp up workers to cover 'possible' needs. You work the employees overtime when required.
|
Again, that's what you do before hiring more workers, hence the value of looking at the hours worked component of the nonfarm payrolls report.
Quote:
|
If manufacturing is down there is not hiring. I truly do not think the article is taking into account weather and locusts for down turn in manufacturing. It is purely a numbers game.
|
Exactly why I said you need to look at the numbers in the context of a longer series. A one month dip can be an aberration if the past 4 months have seen increases. There's a lot of "noise" in the data.