Is the U.S. Economy Recovering?
Every month the US Bureau of Labor Statistics releases an Employment Situation Summary, but whether the report is positive or negative depends greatly on ...
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Each Month, the US Bureau of Labor Statistics releases their Employment Situation Summary, lovingly called the “Jobs Report” by pundits and politicians, who often use the report to paint the economy any way that they’d like. The same exact report can be touted as disastrous by Fox News, who ran a story on how August’s job report proves that the US economy is in crisis. Or as a positive by NPR, who ran a story on how the disappointing jobs report may actually be masking a strong and gaining economy. So, reports about the jobs report aren’t necessarily that helpful, and the jobs report itself doesn’t necessarily tell us all that much about the economy. It just tells us the number of jobs added or lost over the last month and the current unemployment rate. That’s it. The most rece...
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Each Month, the US Bureau of Labor Statistics releases their Employment Situation Summary, lovingly called the “Jobs Report” by pundits and politicians, who often use the report to paint the economy any way that they’d like. The same exact report can be touted as disastrous by Fox News, who ran a story on how August’s job report proves that the US economy is in crisis. Or as a positive by NPR, who ran a story on how the disappointing jobs report may actually be masking a strong and gaining economy. So, reports about the jobs report aren’t necessarily that helpful, and the jobs report itself doesn’t necessarily tell us all that much about the economy. It just tells us the number of jobs added or lost over the last month and the current unemployment rate. That’s it. The most rece...
