Bearing Fruit: Impolitic Policies Stalling the Labor Market
The August jobs report from the Bureau of Labor Statistics was well below expectations, with nonfarm payrolls adding just 235,000 jobs, less than a third of the consensus estimate. The unemployment rate fell 0.2 percentage points to 5.2% while the labor force participation rate was unchanged at 61.7%. The number of unemployed declined to 8.4...