Employment report, plus houses and cars, supports no US downturn

This morning’s jobs report was so good that it is a worthwhile counterweight to the increasing glee in the Doomer recession camp.

I decided to take a look at how long it took for the economy to enter recession after a monthly increase of 271,000 (today’s report) or more. I started in October 1945 after the big WW2 demobilization. Here is 1945-80:

and here is 1980 – present: