Re:US Gross Domestic Product, Second Quarter 2022 (Advance E...
by mywittyname on Thursday July 28, 2022 @02:37PM
(#32268469)
> what is missing from that is Workforce Participation,
Sure, but the statement I made was job growth ways high AND unemployment remained low. The AND is important for the very reason you point out; U-3 is not a useful stand alone metric. Combining it with job growth data helps provide a better picture of the job market.
Employment still grew by 375,000 jobs last month. This was far above expectations.
Sure, but the statement I made was job growth ways high AND unemployment remained low. The AND is important for the very reason you point out; U-3 is not a useful stand alone metric. Combining it with job growth data helps provide a better picture of the job market.
Employment still grew by 375,000 jobs last month. This was far above expectations.