Department of "Huh?!": Stephen Williamson Doesn't Know What He Is Doing Department

Stephen Williamson on the employment picture:

Stephen Williamson: New Monetarist Economics: let's not be too hasty.... I looked at the 12-month growth rates in unadjusted establishment employment.... [T:]his looks more innocuous. Employment growth is still negative (just barely) year-over-year, but it is coming back strongly, and faster than was the case during the last recession. Conclusion: How you filter the data matters a lot. There is no reason you should trust my year-over-year...