In my column last Thursday I went out on a limb and predicted that job growth for April would be much better than expected.And on Friday the Labor Department announced that 263,000 jobs were created last month, which was a whole lot better than the 180,000 jobs than the “experts” on Wall Street thought.
I was right. They were wrong.And for most of this past weekend I spent my time reminding people of that. The fact that nobody cared didn’t discourage me.
So, today I’m going to perform my next daring prognostication and tell you what’s going to happen the rest of the summer. My prediction: Job growth will look strong — though not as strong as it was in April — for at least the next two to three months.Wow! How does he do that?
The first thing I want to do is take you behind the scenes of the predicting game. Last Thursday’s column was bold. Nobody should ever predict what’s going to happen only two days before an event.