USA Today (August 21)
2019/ 08/ 23 by jd in Global News
“The labor market seemed to defy gravity last year, generating more than 200,000 jobs a month despite a historically low unemployment rate that made it harder for employers to find workers. Turns out job growth wasn’t as robust as it appeared.” The Labor Department just issued its “largest downward revision in a decade.” Total job gains in the year ended March 2019 were revised downward by half a million. Based on this average monthly job growth was closer to 170,000, than the initial estimates of 210,000.
Tags: Defy, Employers, Gravity, Job growth, Labor Department, Labor market, Unemployment rate, Workers
