Deciphering the Confusing U.S. Jobs Report
TL;DR Summary
The US added 339,000 jobs in the latest jobs report, exceeding expectations, but the unemployment rate also rose to 3.7%. This can be attributed to the use of two different surveys to measure the strength of the labor force: the household survey for the unemployment rate and the establishment survey for nonfarm payroll data.
Topics:business#business#household-survey#jobs-report#labor-force#nonfarm-payroll-data#unemployment-rate
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