Labor Market Headfake? Key Report Could Be Overestimating Job Growth

[mahatmakanejeeves]

ECONOMY | THE OUTLOOK

Labor Market Headfake? Key Report Could Be Overestimating Job Growth

Some data signal more weakness than high-profile payroll survey implies

By Gwynn Guilford
https://twitter.com/sinoceros
[e-mail]
Updated July 3, 2023 12:03 am ET

On its face, the economy looks strong. Output grew 2% annualized in the first quarter, and employers have boosted payrolls by 1.6 million so far this year, about 2.5% annualized—nearly twice the average increase in 2019.

{paywall}

[yankee87]

1. Always downgrading economy

Whenever there is good news on the economy during a Democrat Presidency, economists always downplay the economy.

[peppertree]

5. +1

Anything to cast doubt.

But the Karl-Rovian "3.3%" inflation numbers during Bush's calamitous and almost hyperinflationary second term?

Must be true!

[Casady1]

2. WSJ

would you trust them? We can only go by the report that has been done for every presidency for years.

[yourout]

3. They desperately want to get us into a recession at the end of Biden's term

To do that they know they have to jack up interest rates.

[Historic NY]

4. Oh another Murdoch turd floats to the top.