With the disappointing jobs report released earlier today, there is no doubt that my prediction for a far more positive report than most expected was off the mark. According to the Department of Labor numbers, job growth in July was positive but anemic, and far below consensus estimates. Following the weak BLS report, politicians, economists, [...]
The consensus estimate for Friday’s jobs report seems to be that after accounting for the large decline in temporary census workers, the U.S. economy continued to add jobs in July. Most forecasters, however, have tempered their positive but modest outlook and are expecting to see a continuation of slow but steady recovery in the jobs [...]