Headlines vs Data: What Does the Jobs Report Actually Say?

The Bureau of Labor Statistic (BLS) released new jobs data on Friday. According to the report, seasonally adjusted total nonfarm jobs rose 339,000 jobs in May, well above forecasts. The unemployment rate rose slightly from 3.4 percent to 3.7 percent (month over month). Headlines in the mainstream media declared the headline employment data to be evidence of … Continue reading Headlines vs Data: What Does the Jobs Report Actually Say?