- by New Deal democrat
As per my reporting earlier this week, my focus this month was on whether wage and jobs growth continue to decelerate, and whether the unemployment rate would remain “sticky” at its higher, 3.8%, rate.
Two of those three came to pass. The third, jobs growth, emphatically did not! But it may well have been the result of the same unresolved seasonality that we have seen with initial jobless claims in the past month.
Here’s my in depth synopsis.