Is All the Jobs News Bad?
The weekly data on initial unemployment claims, which show an increasing number of layoffs each week in the past couple months, have recently prompted concerns that the U.S. economy might be softening – again. Other data, however, might show growth isn't that isn't as strong as it was earlier this year, but it's certainly not horrible, either. Is it really all bad news? The answer depends on what you are expecting.
Employment growth did slow in March and I wrote recently that the jobs report we received this April reflected almost exactly where we might expect job growth to be based on economic conditions. I explained in another column that the weather and other temporary factors likely had pulled demand (and hiring) forward from this spring to this past winter, making current readings appear less favorable. So, what can we expect going forward?...642 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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