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U.S. jobs number soars to 172,000, Arin Dube notes

U.S. jobs number soars to 172,000, Arin Dube notes
U.S. jobs number beats expectations

Arin Dube highlights a significant gain of 172,000 jobs in the U.S. labor market, well above expectations.

Dube points out that the strong employment growth continues to confound those expecting weaker economic performance.

Dube has raised other labor market issues in earlier commentary. He previously flagged that labor share continued to decline after 2000, even after adjusting for depreciation, in a report on measurement concerns. Dube also pointed to the relevance of the Swedish Rehn-Meidner model as a key economic idea.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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