Dismal Data

Last Friday’s labor report showing a gain of 74,000 new jobs, when 200,000 were expected, and a decline in the labor force participation from 63% to 62.8% (a 35 year low) was, no matter how you slice it, bad. That said, one month isn’t a trend and rising exports, the continued expansion in manufacturing and good GDP growth means the number will be revised at least somewhat higher next month.

Share This Post
Facebook Twitter Email

Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.