Why Everyone's Freaking Out About Jobs Report

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Sometimes, the unemployment rate leads you astray.

 

The Friday jobs report looks decent—payrolls increased by 169,000 in August, while the unemployment rate dropped by a tenth of a percentage point to 7.3 percent. This fits the general narrative of economists who expect the Federal Reserve to pull back on its monthly adrenaline shot of $85 billion in bond purchases.

 

Except that the underlying data should raise severe concerns about the economy.

ometimes, the unemployment rate leads you astray.

The Friday jobs report looks decent—payrolls increased by 169,000 in August, while the unemployment rate dropped by a tenth of a percentage point to 7.3 percent. This fits the general narrative of economists who expect the Federal Reserve to pull back on its monthly adrenaline shot of $85 billion in bond purchases.

Except that the underlying data should raise severe concerns about the economy.

- See more at: http://www.thefiscaltimes.com/Articles/2013/09/06/Why-Everyone-Freaking-Out-About-Jobs-Report#sthash.RNmytEa7.dpuf

ometimes, the unemployment rate leads you astray.

The Friday jobs report looks decent—payrolls increased by 169,000 in August, while the unemployment rate dropped by a tenth of a percentage point to 7.3 percent. This fits the general narrative of economists who expect the Federal Reserve to pull back on its monthly adrenaline shot of $85 billion in bond purchases.

Except that the underlying data should raise severe concerns about the economy.

- See more at: http://www.thefiscaltimes.com/Articles/2013/09/06/Why-Everyone-Freaking-Out-About-Jobs-Report#sthash.RNmytEa7.dpuf
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