It is instructive, especially on Labor Day, to ponder over the message that the latest jobs numbers released Friday convey to financial markets. The US economy created only 235,000 jobs in August, a major disappointment compared with the more than 700,000 that had been expected. The August number was also a big fall from the 962,000 jobs created in June, and over 1 million in July. Is the economic recovery coming to an end?
Jobs: What We Learned Friday
Jobs: What We Learned Friday
Jobs: What We Learned Friday
It is instructive, especially on Labor Day, to ponder over the message that the latest jobs numbers released Friday convey to financial markets. The US economy created only 235,000 jobs in August, a major disappointment compared with the more than 700,000 that had been expected. The August number was also a big fall from the 962,000 jobs created in June, and over 1 million in July. Is the economic recovery coming to an end?