Archive for May 4th, 2012

May 4, 2012

Jobs Reports & Forgetting the Bigger Picture

Headlines reporting “Jobs Report: More of the Same” rang out this morning from numerous media outlets but does two months of lackluster numbers actually reflect the trend these banners imply? Or does it illustrate a forgetfulness which blurs all things beyond the haze of the previous 2 months?

Yes, the jobs reports for both March and April were below expectations, this is true. In of itself, taken out of context, these numbers are not impressive fostering concern about our economic stability. In recoveries such as this, it’s not the short-term fluctuations that tell all, it’s the broader trends that matter. A disservice is paid to everyone if these figures are not placed upon the backdrop of the larger economy. 

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