Economics Professor Bill Seyfried Comments on Today’s Jobs Report
There was some good news in this morning's job report despite the number of jobs created being below expectations (80,000 vs. a consensus expectation of 100,000). Revisions added about 100,000 jobs to prior months with private sector employment in September now estimated to have risen by 191,000. Beneath the surface, there is better news in October, though it only reversses weakening from recent months.
