The March Jobs Numbers Show the Economy Is Sound, but Far From Invincible
4/7/18
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from The New York Times,
4/6/18:
The basic story of a strong labor market remains intact, but a disappointing report is a sign that the U.S. is not in some extraordinary boom.
The March employment numbers were a disappointment, but only relative to extremely optimistic expectations. The basic story of a robust United States job market remains very much intact — though with an important asterisk.
Sure, the United States added only 103,000 jobs in March, down from the blockbuster 326,000 in February. Yes, the unemployment rate was unchanged rather than declining further as forecasters had expected. Did the size of the labor force shrink by 158,000, partly reversing a sharp February rise? You bet it did.
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