Of course, the employment rate varies by region and job category. Today’s Washington Post also provides some county-by-county data that you can review by clicking here.
Implications: There are two reasons to share this kind of news. First, in an age where we are bombarded by headlines of gloom and doom, I think it is important to amplify the optimism of good news when we can. (Sometimes, temperament and progress can be self-fulfilling prophecies!) Perhaps more importantly, a more stable workforce with more reliable paychecks can lead to more stable and reliable consumption.
It is important to have great timing when heading into a recession, so that one knows when to trim inventories, restrain hiring, etc. But it is no less important to have great timing when coming out of a recession… and having the goods and personnel required to satisfy customers when they come out of hibernation!