Industry NewsMarkets & Economy

The elephant in the room: jobs

Commentary: Demand for labor has improved, but remains very, very thin
Published on May 4, 2012

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On the first Friday of each month comes the elephant: fresh jobs data from the immediately prior month.

No other indicator -- maybe not all others combined -- has the power of payrolls to move markets, to describe the economy and the prospects for inflation, and to alter the course of public policy.