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POSTED ON May 6, 2022  - POSTED IN Exploring Finance

According to the BLS, the economy added 428k jobs in April. This exactly matched the March number after it was revised down by 3k. The unemployment rate stayed flat at 3.6%. The Labor Force Participation rate dropped from 62.4% to 62.2%. YoY, this April is up 165k jobs compared to last April.

POSTED ON April 1, 2022  - POSTED IN Exploring Finance

According to the BLS, the economy added 431k jobs in March. February was revised up to 750k from an original 678k. The unemployment rate fell to 3.6%.

It would appear this was another strong jobs report. But when you did into the data, it’s not that clear-cut.

POSTED ON March 5, 2022  - POSTED IN Exploring Finance

February was another very strong jobs month with the economy adding an estimated 678,000 jobs vs an expected 400,000.

The unemployment rate came in at 3.8%, down from 4%. Labor force participation also improved, rising from 62.2% to 62.3%. Both December and January numbers were revised upwards.

POSTED ON February 4, 2022  - POSTED IN Exploring Finance

January showed very strong growth with 467k new jobs reported by the BLS. This crushed expectations of 150k. Some analysts even projected a contraction given the reported loss by ADP on Wednesday.

However, the bigger story is the revisions of prior months. October to December saw upward revisions of nearly 900k jobs! The story is more complex though. The BLS has updated their models to “smooth” out the job numbers for seasonality. Most of these “new” gains were pulled from job reports last summer (more on this below).

POSTED ON January 21, 2022  - POSTED IN Friday Gold Wrap

It is often said that perception is reality. Politicians spend a tremendous amount of time and energy trying to shape perceptions. So, how does the average American perceive the US economy? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about economic perceptions – both those the politicians are trying to create and those actually held by American consumers.

POSTED ON December 5, 2021  - POSTED IN Key Gold Headlines

That was one weird jobs report.

The labor department released the November employment data on Friday. The numbers simply don’t make any sense. As one chief investment officer put it, “One of the weirdest reports I have ever seen.”

One thing seems pretty certain. The labor market has not recovered, no matter how the powers that be spin the numbers.

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