[Wyatt's Torch]

Moving the right direction given demographics.

[expat_panama]

All my bellyachin' aside, job growth over the past couple years has been super --any way you look at it.

We've heard the extreme left say that the huge change in '09 into years of low % employed was demographic.  The idea being right with the '09 tax hikes millions of old people suddenly retired and thereafter few of the young wanted to grow up to enter the workforce.   We know demographic trends don't do that; they usually tend to emerge over decades. In contrast the economic impact of fiscal policy shifts can show up from quarter to quarter.