It snowed this month in much of the United States. And that may create unnecessary fears that a double-dip recession is upon us. Why? The Labor Department employment report to be released on March 5 will say that it is for February, but the fine print will say it is for a particular week. Both the household survey (which produces the unemployment rate) and the employer survey (which produces the job count) ask about workers in the week during which the 12th of the month fell. For February, that was the week of the 7th to the 13th. There were blizzards on the East Coast the previous weekend, and again during the week.
Horrid Job Number Coming
Most Popular Articles
Latest Articles
Did lower mortgage rates slow housing inventory growth?
After two weeks of significant increases, my model for inventory growth with higher mortgage rates came crashing down last week.
-
Labor market report is good news for mortgage rates
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts