Skip to comments.The US employment situation is far weaker than the Feburary jobs number suggests
Posted on 03/11/2014 7:56:32 AM PDT by JerseyHighlander
The US employment situation is far weaker than the Feburary jobs number suggests While February job growth was decent at +175,000, the overall US employment picture in the last few months has deteriorated substantially.
Seven out of the 9 previous times that the YoY% change in aggregate hours was as low as it is now, the economy had entered a recession.
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As per usual, the headline jobs numbers from the February report are now looking not just 'not good', but downright bad.