Are job gains really withering as the recovery falters? Or is much of the reported change caused by misleading seasonal adjustments?
Category: Floyd Norris
A Lagging Recovery
Reasonably strong private-sector job growth has been offset by government layoffs.
Getting Better, Slowly
The jobs report may not be as bad as it appears. Taking revisions from past months into account, it appears the job market continues to improve, but slowly.
Lowered Expectations on the Jobs Report
Optimism has been in shorter supply since the employment figures fell short of expectations a month ago. April’s report is due Friday.
Jobs Figures Keep Improving
Since last summer, the government has consistently underestimated job growth in its first report. That may indicate that today’s report of a February gain of 227,000 jobs is also an understatement.
Jobs Figures Keep Improving
Since last summer, the government has consistently underestimated job growth in its first report. That may indicate that today’s report of a February gain of 227,000 jobs is also an understatement.
People Are Not Leaving the Labor Force
Some commentators claim unemployment numbers look better because discouraged people are dropping out of the labor force. They are simply wrong.
Wow. But Is the Number Real?
This is a recovery led by the private sector. And while seasonal adjustments may have made January look better than it really was, job growth appears strong.
Under Obama, a Record Decline in Government Jobs
The loss of public sector jobs has been greater in the first three years of the Obama administration than even under Ronald Reagan.
Jobs: Good Headline, Better Details
The unemployment rate is coming down where the need is greatest, among those with less education.