This morning the Labor Department reported net new jobs creation of 192K, about 3K below what economists were expecting. The market was generally unimpressed with the in-line jobs number, staying generally flat for the first few hours of trading before souring later in the day. Although the jobs number was close to what the market expected, was the market looking at the wrong number? Jobs number: Most quoted economic indicator The headline seasonally adjusted employer survey jobs number is the most quoted economic indicator in all markets, but perhaps the market should have been looking at the “Employed Part-time for…
Is The Market Reading The Wrong Jobs Number?
Harrison Roger
Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.