The real story behind last week's jobs report
The virus is still driving the economy, after all. When the Bureau of Labor Statistics' Employment Situation Report numbers came in, many were surprised by their positive nature. Many had predicted Omicron had a considerable negative influence on the economy. So what happened? This instalment of Slow Boring reveals that this report included good news about prior months, giving it a surprising outcome. Matthew Yglesias reflects on why this tells a tale of an economy in which both the virus and features surrounding it are still affecting America's growth.
From Matthew Yglesias