Tag Archives: November jobs report

Scenes from the leading sectors of the November jobs report: why I sounded a note of caution  – by New Deal democrat I seem to have been something of a negative outlier with respect to last Friday’s jobs report. Not because I was downbeat – although I said there were “warning signs of weakness,” but almost all the other commentary I have seen was upbeat.So today let’s take a look at the leading sectors in the jobs report, to show why I sounded...

November jobs report: the only thing keeping the jobs market completely recovering to pre-pandemic levels, is the pandemic itself One month ago, we got very large upward revisions to previous data. This month the big questions I had were whether that would continue and whether the bulge decrease in new jobless claims to a half-century low would translate to another big top line number in the jobs report. Additionally, in view of the recent...