There were a number of interesting aspects of today’s jobs report from the Department of Labor related to each of the following: 1) LinkUp’s forecasting model 2) Flaws in the government’s numbers 3) The state of the jobs picture in the U.S. In reverse order, I’ll start with today’s report. The Employment Situation Report issued [...]
Like clockwork every month, the pundits on Bloomberg and CNBC state definitively that THIS month’s jobs report is certainly the most widely anticipated report in recent memory. Unfortunately, I cannot argue their claim. With each passing month that the U.S. economy spends stuck in the quagmire of the 2nd Great Contraction, with its horrifically high [...]