of the tightest labor markets this country has ever seen. unemployment fell faster last year than it ever has on record and the data goes all the way back to 1948 over six billion jobs created and if i were singing sitting here talking to you a year ago, by the way are probably was, we would ve been looking at 800,000 claims on unemployment insurance and this morning we learned that there s something around 250,000. all of those kind of statistics i would say, not just to plug it with numbers, but to make the connection between a strong growing economy on the gdp site with that growth reaching working families to an in extremely tight labor market. who are the beneficiaries of this growth rate, because it s one of those numbers where it s a big macro number. but some people could be out there saying gee, i don t feel
it with numbers, but to make the connection between a strong growing economy on the gdp site with that growth reaching working families to an in extremely tight labor market. who are the beneficiaries of this growth rate, because it s one of those numbers where it s a big macro number. but some people could be out there saying gee, i don t feel the subtle. it s a great point, i mean when talking about she dp we recently say wait a second i don t need gdp, i don t drive it gdp, i don t pay rent, and the fact is again the connection there that is so critical, lawrence, is the tight job market. disproportionately, it s providing benefits to those in the bottom half i saw new numbers today and if you look at the wage growth of people in the bottom half of the job