638k jobs added, unemployment rate down to 6.9%.
LFPR up, along with EPOP.
A nice surprise!
LFPR up, along with EPOP.
A nice surprise!
Unemployment rate would have been closer to 7.2% after adjusting for misclassification issue.
Private sector employment picked up by 906k. Weakness in state & local government employment plus temp Census jobs going away pulled headline number down.
Temporary layoffs unemployment declined again, but no noticeable increase in permanent layoff unemployment.
You can see this in core unemployment rate as well. A slight decrease, but no big move in more enduring forms of joblessness https://twitter.com/JedKolko/status/1324708040088690693