Comment on The Employment Report--Not Bad Enough to Derail Fed Action

The Employment Report--Not Bad Enough to Derail Fed Action

Like Wagner’s music, the August jobs report is better than it sounds. Not great, but good enough to permit a long-overdue tiny adjustment in the Federal Funds rate. Yes, 173,000 more establishment payroll jobs could have been better, but the farther we go in taking up the slack in a labor [...]

 

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