Rant Mission Accomplished Part2

[Barry-xlovecam]

Déjà vu



Job creation

The U.S. jobs report for March showed a surprising divergence between the two Labor Department surveys ? that of households and that of companies.

There was good news from households: Their unemployment rate declined to 4.5%. Most important, it did so without a drop in the share of Americans working or looking for work, known as labor force participation rate, which stayed the same. The broadest measure of labor underutilization, U-6, fell to below 9% for the first time since the Great Recession.

There was bad news from the payroll survey, which reports jobs added by companies. This is a survey of jobs, not people. One person can be employed, but have two jobs, so that would count as two jobs in the payroll survey but one person employed. Only 89,000 private-sector jobs were added (98,000 payroll jobs, including government workers), far below expected levels of 200,000. In addition, job-creation numbers over the past two months were revised down by 38,000 and the average workweek shrank.

March jobs report shows divergence between households and companies - MarketWatch

Diversion ...

Let's not get sucked in so fast again ...