America’s Labor Market by the Numbers
Net monthly job creation in the US was up in August, while unemployment was down. But, to get a real sense of the American labor market’s health, we need to look at other indicators, and what these numbers have to tell us – about both the present and the future – is far from reassuring.
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NEWPORT BEACH – Politicians and economists now join investors in a ritual that typically takes place on the first Friday of each month and has important consequences for global markets: anticipating, internalizing, and reacting to the monthly employment report released by the United States Bureau of Labor Statistics (BLS). Over the last few years, the report has evolved in a significant way – not only providing an assessment of the economy’s past and current state, but, increasingly, containing insights into its future as well.