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Jun
10
June Commentary: The Curious Incident of the May Jobs Report
The jobs report. The monthly stress test issued by the Bureau of Labor Statistics (BLS) that provides metrics to the central question of the current election cycle, "How is the US economy doing?" The dependent relationship between employment and our economic health cannot be denied, nor should it, but as pundits and candidates alike seem hell-bent on confusing the matter, it is important to look beyond the rhetoric to find out what the data actually tells us. The easiest conclusion to draw from May's report is to proclaim that the economy is going to hell in a hand basket. After all, it was the lowest job creation number issued by the BLS since 2010, underperforming its goal by nearly 70%. You might be asking yourself, as I did, how can...
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