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Labor Market Headfake? Key Report Could Be Overestimating Job Growth [View all]
ECONOMY | THE OUTLOOK
Labor Market Headfake? Key Report Could Be Overestimating Job Growth
Some data signal more weakness than high-profile payroll survey implies
By Gwynn Guilford
https://twitter.com/sinoceros
gwynn.guilford@wsj.com
Updated July 3, 2023 12:03 am ET
On its face, the economy looks strong. Output grew 2% annualized in the first quarter, and employers have boosted payrolls by 1.6 million so far this year, about 2.5% annualized—nearly twice the average increase in 2019.
{paywall}
Labor Market Headfake? Key Report Could Be Overestimating Job Growth
Some data signal more weakness than high-profile payroll survey implies
By Gwynn Guilford
https://twitter.com/sinoceros
gwynn.guilford@wsj.com
Updated July 3, 2023 12:03 am ET
On its face, the economy looks strong. Output grew 2% annualized in the first quarter, and employers have boosted payrolls by 1.6 million so far this year, about 2.5% annualized—nearly twice the average increase in 2019.
{paywall}
5 replies
= new reply since forum marked as read
= new reply since forum marked as read