What the Jobs Data Tells Us
October 05, 2012 at 16:43 PM EDT
One month doesn’t mean much, but FWIW: 1. As of August, payroll employment had risen 4,142,000 from recession lows, and household employment had risen 4,133,000. Basically identical. In September payroll employment rose 114,000 and household employment rose 873,000, meaning it is up over 5 million from the recession lows. 2. The payroll number is more [...]
