The Devolutionary Disease of Conceit: Two Hundred and Thirty Eight Years Later

(c) Friedrich A. v. Hayek Institut, C. Ohmeyer

by Dr. John E. Charalambakis

According to the latest employment data the average pace of job gains in the US has accelerated and now stands at the highest level in the last few years, as can been seen below. I would call the reader’s attention to the black line which reflects the six month average, and which clearly stands at the highest point since the start of the recovery. The resulting unemployment rate of 6.1% signifies that more job gains have been accomplished, confirming to that extent the alternative household survey which showed employment gains of 407K vs. the 288K official reported number.

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