Economics
Shock U.S. Jobs Report Raised Questions, and Here Are Answers
- Gap between unemployment numbers and claims can be explained
- ADP data seen by Fed research as useful to pool with BLS
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The shock of Friday’s U.S. jobs report is still rippling through economic circles, politics and financial markets.
The 2.5 million increase in payrolls and decline in the unemployment rate -- albeit to a still-sky-high 13.3% -- confounded expectations for another sharp deterioration in both measures.