The Weather and the U.S. Economy
The March jobs data showed that the U.S. economy created just 120,000 jobs in the month. This was markedly slower than the 250,000 average for the prior three months. Suddenly commentators began to worry about the strength of the recovery and wonder whether the unemployment rate would continue to dip in the months ahead.
In fact the March numbers should not have come as big surprise to anyone. The problem here is simply one of fickle forecasters who are too influenced by the most recent reports and repeatedly fail to put economic data in a larger context.
- WeChat 'Glitch' Allows Family to Raise over 2 Million Yuan in 80 Minutes
- China's VAT Rebate Reform Aims to Boost Local Government Fiscal Strength
- Share Splits Raise Stock Market Suspicions
- China Faces Severe Coal Transport Capacity Shortage
- Audi Scraps Plans for New China Dealer Network
- Regions Found to Have 'Critical' Heavy Metal Emissions Now Clean Up Act
- Official PMI Spikes as Producer Prices Rise, Exports Surge
- China Adds 10% Consumption Tax for Superluxury Cars
- News Calendar, December 5-11
- Caixin's Manufacturing Indicator Dips to 50.9 in November
- Sign up to receive our free daily newsletter