After two months of the ADP National Employment Report and the BLS Employment Situation Report being fundamentally at odds, for February the two labor reports are broadly in agreement once more (this is the expected and historical norm). The Employment Situation Report especially exceeded expectations with a stellar 678,000 jobs added—only time will tell if that number is an outlier or the start of an expanding economic trend.
Share this post
February Job Numbers Are Good But Fragile
Share this post
After two months of the ADP National Employment Report and the BLS Employment Situation Report being fundamentally at odds, for February the two labor reports are broadly in agreement once more (this is the expected and historical norm). The Employment Situation Report especially exceeded expectations with a stellar 678,000 jobs added—only time will tell if that number is an outlier or the start of an expanding economic trend.