Why the August Jobs Report Adds Up to a Weak Economy

Source: EconLog
by Vance Ginn

“Americans say the economy is the most important problem facing the country. But major headlines covering the latest jobs report for August do their best to downplay this concern. The New York Times’[s] headline covering the news was, ‘August Jobs Report: U.S. Jobs Growth Forges On,’ but the economic reality is far less cheerful. Sure, the jobs report beat the consensus estimate by economists. But that high-level look at the data fails to address underlying issues keenly felt by many Americans that are apparent with more scrutiny. And these problems won’t be over unless policies out of D.C. substantially and quickly improve.” (09/13/23)