US job seekers in Fall River, Massachusetts, line up during Amazon Jobs Day, an event that aimed to fill more than 50,000 jobs on August 2, 2017. Last week, claims for state unemployment benefits fell to their lowest level since 1973. Photo: Reuters
Opinion
Opinion
Macroscope
Trump’s tweet-worthy jobs data should be tempered with attention to other indicators
Neal Kimberley says even encouraging signs from US non-farm payrolls and average hourly earnings data should not be viewed in isolation. Rather, retail sales figures and the flat Treasury yield curve tell a less optimistic story
US job seekers in Fall River, Massachusetts, line up during Amazon Jobs Day, an event that aimed to fill more than 50,000 jobs on August 2, 2017. Last week, claims for state unemployment benefits fell to their lowest level since 1973. Photo: Reuters