A Quick Look Under The Hood Of The October Jobs Report

A Quick Look Under The Hood Of The October Jobs Report

A better-than-expected October jobs report was immediately met with warnings that the surge in COVID-19 cases in the US could eventually force parts of the economy back into partial lockdowns. That will apparently serve as the "fine print" on an otherwise solid report which showed the unemployment rate falling below 7%. As ever, it's important to look under the proverbial hood for evidence of the dreaded "scarring" effect that Jerome Powell (and other Fed officials) have consistently warned ab
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