Reading The Labor Market In Real Time
from the St Louis Fed
– this post authored by Maximiliano Dvorkin, Senior Economist, and Asha Bharadwaj, Research Associate
The coronavirus pandemic has shaken labor markets, leading to unprecedented job losses in March and April. For May, most forecasts predicted a further worsening of employment, with an additional drop of around 7.5 million jobs. However, the jobs report by the Bureau of Labor Statistics released on June 5 showed a big upside surprise, with the number of people employed increasing by around 4 million.[ 1}
Source: http://econintersect.com/pages/contributors/contributor.php?post=202006130539
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