Unintended consequences - Part I

The new jobs report (6/7/13) created this week of 175,000 new jobs was higher than expected by a small amount, and the boost in consumer confidence reported last week in the economy has generated a conflict or paradox in a grave situation.

The higher consumer confidence has probably inspired a large number of people, previously off the books in job-seeking to resume their search for employment.  The higher than expected number of new jobs, though underwhelming, was well noted.  Yet, the unemployment rate remained about the same, slightly up, at 7.6%.

What would happen if all those drop-out job-seekers suddenly got reengaged in finding a job? And what if the number of new jobs increased at their current tepid rate.  Nothing less than Disaster.  The unemployment rate would leap at least a couple of percentage points.   This implies the Administration, while enjoying greater consumer confidence, doesn't what too much of it.  Damn!

Quote of the Day:  

• Longevity is like fire retardant for the ambitious. 
• When there is a power at hand, a purpose evolves to apply it.
• A license to practice does not confer the wisdom to do so.