Heterodox
– by New Deal democrat As per usual, the Monday after jobs report Friday does not update any significant data. So let me return to the deep divergence between the Household and Establishment Surveys in the jobs report. With Friday’s data for May, the two have now diverged 1.9% over the past year, adjusted for the size of the prime working age population: This big a divergence has only happened previously twice in the 1960s, and one month...
Read More »The recessionary Household Jobs Survey is not confirmed by other comprehensive hard data
