A Decade-Low Unemployment Rate? But At What Price?

The Bureau of Labor Statistics announced the updated employment situation results on Friday, and what appears to be very positive at first sight (and based on the headlines) actually might not be as good as it seems.

Yes, officially, technically and theoretically, 211,000 new jobs have been created in April, whilst the February jobs result has also been revised from 219,000 to 232,000 (+13,000). However, the March number was revised downward as 19,000 fewer jobs than originally calculated/expected had been created. This created a ‘net loss’ of 6,000 jobs in the February/March period….

Source: A Decade-Low Unemployment Rate? But At What Price? | Zero Hedge

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