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TechFlow News, May 8: Nick Timiraos, known as the “Fed’s mouthpiece,” reported that according to the household survey, employment fell by 226,000, while the labor force shrank by 92,000. The labor force participation rate edged down 0.1 percentage point to 61.8%. (In other words, the unemployment rate did not rise because people exited the labor force—not because they found jobs.) (Jin10)
Nick Timiraos, the “Fed’s mouthpiece”: According to the household survey, employment fell by 226,000, and the labor force shrank by 92,000. The labor force participation rate edged down 0.1 percentage point to 61.8%. (In other words, the unemployment rate did not rise because people exited the labor force—not because they found jobs.) (Jin10)
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