Good Golly! This Economy is Really OK!
We’ve been pounding this drum for quite a while now, so this should come as no surprise.
The Lords of Silicon Valley are supposed to be the drivers of our economy, and they certainly are this era’s economic rock stars.
But at least for now, according to this week’s Non-Farm Payrolls report, the lowly blue-collar folks out in “flyover country” are experiencing a renaissance in jobs that has been a long time coming.
Whether one credits Trump or not, the jobs growth is currently quite real in manufacturing – and, just for irony, note the decline in the high-tech “Information” category.
This is simply the reality that all of this is cyclical and positive activity in varying parts of the economy impact many other parts of the economy.