There was one red flag in a shockingly strong U.S. jobs report. Or was there?

The shockingly large 528,000 gain in new jobs in July contradicts a mountain of evidence that suggests the U.S. economy is slowing. The news can’t be all good, can it? Well, no. There was one potential red flag in the report.

“That one is a headscratcher,” said chief economist Richard Moody of Regions Financial. “I don’t know what to make of that.” What does it mean? Several million people who normally would be working are missing from the labor force. That helps explain the most acute labor shortage in decades. By contrast, the share of the working-age population in the prime of their life is quite stable at 82.4% and not far from the pre-pandemic peak.

CarlaMays Adults 18-24 are the most likely to shelter in education during a downturn, or pandemic. People 65+ are excluded by most aggregate measures, but like those 55-65, are most likely to cease employment if newly disabled, e.g. by Long Covid. Then there is the pandemic dead …

America's too expensive And Is they aren't paying people livable wages

Dude I literally said Boomers would retire about 2020, don’t you understand cycles?

How do gig economy workers on smartphone apps calculate into this? I imagine that's where those demographics have shifted to.

The age groups that are, respectively, either in school full-time or retired? With a headline like that, what about the deceased population?

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‘A clear sign that the U.S. economy is not in a recession’: Economists react to blowout July jobs reportThe July jobs report showed the U.S. economy gained 528,000 jobs last month, which is 'a clear sign that the U.S. economy is not in a recession,' one economist said. So the fed has much more room to raise rates.. bullish! 1 Ok; so US is adding jobs but all these jobs is resulting in two quarters of GDP contraction? 😂 Only MMT, Fed money printer and whole lot of nonsense could result in such an economic farce as what is happening today!
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