fbpx US met forecasts for job growth in 2021 amid unexpected high labor demand and low labor supply - Jason Furman | Harvard Kennedy School

Excerpt

December 3, 2021, Opinion: "The latest data sent mixed signals for what happened in US labor markets in November, with the normally more reliable payroll survey showing only 210,000 jobs added while the household survey showed a dramatic decline in the unemployment rate to 4.2 percent as labor force participation grew and employment rose by more than 1 million. The difference between these two may be in large part due to measurement error and noise, and the payroll number itself will be revised over time."

HKS Authors - Jason Furman and Willie Powell