This article appeared online at TheNewAmerican.com on Monday, January 8, 2018:
There were three jobs reports released last week: two from the Labor Department’s Bureau of Labor Statistics (one based on its “household” survey, the other on its “establishment” survey), and one from ADP based upon its payroll data.
ADP’s numbers came in first on Thursday, showing job growth in December exceeding forecasters’ predictions at 250,000. This was followed by the Bureau of Labor Statistics (BLS) report on Friday, showing 148,000 new jobs in December. They both said that the unemployment rate held steady at a record low 4.1 percent.
Mark Zandi, the establishment economist at Moody’s, was “disappointed” in Friday’s numbers from the BLS and thinks they’re going to get worse going into the New Year. First,