U.S.: Is Labor Demand Weakening Or Is There A Shortage Of Workers?

Hurricane Floyd wreaked havoc on the employment data

The September employment report was a real head-scratcher. Nonfarm jobs fell by 8,000, but wages ticked up by a large 0.5% from August, and the jobless rate stayed at a low 4.2%. Such contradictory data made it difficult to analyze what is considered the most comprehensive and timely set of economic numbers there is.

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