On March 8, 2019, the Bureau of Labor Statistics revealed that in February the whole economy generated just 20,000 new jobs. That is far below January’s 311,000. Is it a blip? Or maybe the start of a new normal?
Maybe. Maybe not.
“Rather than causing panic, these new numbers should be a reminder of both the extraordinary benefits of the recovery so far and the human cost if it falters,” notes The Economist in its recent March 14, 2019 column, “The benefits of America’s hot economy have been unevenly spread”.
Per The Economist, “wages for flipping burgers…are now so high that they are pulling people away from education”.