US unemployment dropped in the latest report! It went from 3.7% in October down to 3.5% in December. Everyone’s talking about the strong labor market these days. If it’s “strong”, that’s being taken as a sign that the economy is also strong. By that people mean businesses are growing and their strong demand for workers leads to low unemployment. Hence low unemployment is taken as a sign of a strong economy.
Reasons to Question The Labor Market’s Strength
Reasons to Question The Labor Market’s…
Reasons to Question The Labor Market’s Strength
US unemployment dropped in the latest report! It went from 3.7% in October down to 3.5% in December. Everyone’s talking about the strong labor market these days. If it’s “strong”, that’s being taken as a sign that the economy is also strong. By that people mean businesses are growing and their strong demand for workers leads to low unemployment. Hence low unemployment is taken as a sign of a strong economy.