Strong Employment Report: Six Business Implications

Net new jobs totaling 288,000 were added to the economy last month we learned this morning (July 3, 2014) from the Bureau of Labor Statistics. This is a good number, one of the stronger figures we have seen in the recovery. Unemployment is down to 6.1 percent, not too far from the common estimate of “full employment” of 5.5 percent. Here are the business implications: Look for continued economic expansion. Growth often builds on itself; see point number 2 below. Expansions do not die from ol...