What the heck is really going on in the labor market? Are 30 million Americans unemployed? Or is it 17 million? Are companies bringing back millions of workers? Or laying even more people off?
“I am surprised and disappointed the continuing claims have not come down further,” said chief economist Stephen Stanley of Amherst Pierpont Securities. “It doesn’t ring true with everything we are seeing.”It shows that the economy regained 7.5 million jobs in May and June, partially recovering some of the more-than 22 million jobs lost during the first two months of the pandemic. A variety of other economic indicators also suggest that more people have gone back to work.
But some economists are less willing to believe the feel-good story told by the monthly employment report. James Knightley, chief international economist at ING, said he’d rather trust data on how much the government is shelling out in benefits than a monthly report based on a survey of households.
When you hear about the guy who lost his job and now gets paid more then you to stay home...
Trump will always manipulate the numbers to suit him...such a disparity between what actually happens in the markets and real life..TOTAL BULL..
there's only one story WH pricing fix data release points trump should write a book on how he did it..... 🧐🚬
Markets only trust positive story !
Get outside from behind your desk and look around communites and you’ll find your answer. Most Americans want to get back to work and not be dependent on the government. We love our freedom, we love hardwork and we love to play.
Traffic says other wise. Compared to last couple of months I seen a lot more cars on the road
Do you trust the 'numbers'?
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