Is the Labor Market in Moderate Moderate Growth?

Bob Greene: The household survey is an important lens into what's going on in the economy. He says it has been weak over the course of the last year, and he thinks we need to add less jobs than most people expect. Greene: Unless you get an asset price decline that gets people back into the labor market, we're going to have a situation where you don't actually need that many jobs created to keep tightness in the labor market.

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