CSPAN Washington Journal Eric Morath July 12, 2024
Explained to us what is going on here. Guest they certainly were surprising numbers. Economists said it was the most surprising report of his lifetime. At the wall street journal we surveyed economists. They expected 8 million jobs to be lost. Gaining 2. 5 million is a dramatic swing. I think that tells us the worst fears about the economic shock and the labor market shock induced by the pandemic were not realized. Some lower number of jobs had been lost i think americans are getting back to work, perhaps in larger numbers than we expected. But i also do just want to say it says where we are, ...