It was actually a good report. The headline doesn’t tell the real story. But it’s fashionable to be depressed right now.
How so when you miss by so much. I guess the glass is half full if you are a Brandon supporter.
The household survey is a good report. The question is how accurate is it?
I like the St. Louis Fed EMRATIO. It gets both labor force and employment with no gaming. That one shows there is still quite a way to go to “normal”.
https://fred.stlouisfed.org/series/EMRATIO
Eventually employers will give up on wage arbitration have to start to raise wages and unemployment will go down. They are defying the laws of supple and demand...