> The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 818,000 fewer jobs in March of this year than were initially reported.
> When spread through the prior year and back to April 2023, that indicates there were likely about 68,167 fewer net jobs added per month.
This seems like a point in favor of the people who are saying the economy is actually not that great, against the pure-vibes theory of economic gloom. (It’s still not a truly bad economy, just “okay”.)
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> The Bureau of Labor Statistics’ preliminary annual benchmark review of employment data suggests that there were 818,000 fewer jobs in March of this year than were initially reported.
> When spread through the prior year and back to April 2023, that indicates there were likely about 68,167 fewer net jobs added per month.
This seems like a point in favor of the people who are saying the economy is actually not that great, against the pure-vibes theory of economic gloom. (It’s still not a truly bad economy, just “okay”.)
Lower rates. Stop having them be high.