Summary: The news media focuses on the month-to-month changes in the jobs report, which consist mostly of noise. Strong months confirm the optimists; weak months confirm the pessimists. In fact the trend of growth remains the real story, with the US economy near stall speed — supported only (like the other developed nations) by massive …
About today’s jobs report: mixed news. No prize in this box. Read More »
Summary: The news media focuses on the month-to-month changes in the jobs report, which consist mostly of noise. Strong months confirm the optimists; weak months confirm the pessimists. In fact the trend of growth remains the real story, with the US economy near stall speed — supported only (like the other developed nations) by massive …
The June jobs report: continued slow growth, bought at a high cost Read More »
Summary: The news media focuses on the month-to-month changes in the jobs report, which consist mostly of noise. Strong months confirm the optimists; weak months confirm the pessimists. In fact the trend of growth remains the real story, with the US economy near stall speed — supported only (like the other developed nations) by massive multi-year fiscal and …
The April jobs report shows continued slow growth, bought at great cost Read More »
Summary: The news media focuses on the month-to-month changes in the jobs report, which consist mostly of noise. Strong months confirm the optimists; weak months confirm the pessimists. The trend of growth remains the real story, with the US economy near stall speed — supported only (like the other developed nations) by massive multi-year fiscal and monetary stimulus. …
The March jobs report shows continued slow growth, bought at great cost Read More »
Summary: Most people focus on the month-to-month changes in the jobs report, which consists mostly of noise (recently unpleasant noise). The year-to-date and 12-month changes are more reliable, but miss the current trends. Here we look at the change during the past two months. We remain in a slow recovery, somewhat faster than in 2010. Enjoy this progress, as …
About the October jobs report: new jobs, bought at great cost Read More »
