Trump issued his demands in a lengthy social media post after a stronger-than-expected August jobs report, which could bolster the case for Fed officials to raise rates at their next policy meeting starting Sept. 15.
It’s unclear how such an action would help lower U.S. borrowing costs.
Sure, but situations evolve that change the meaning.
15 years ago, being an independent contractor was relatively rare and pretty deliberate. Now that’s just being registered with Uber, Lyft, Doordash. So lots of people stop becoming “unemployed” and become “independent contractors” due to what is essentially a cultural shift. Being an “employed” independent contractor is trivial now, but says nothing about income prospects.
The side job scenario certainly isn’t new, so your point is taken there, that number of jobs “created” always could have been either good or bad without context.
Sure, but situations evolve that change the meaning.
15 years ago, being an independent contractor was relatively rare and pretty deliberate. Now that’s just being registered with Uber, Lyft, Doordash. So lots of people stop becoming “unemployed” and become “independent contractors” due to what is essentially a cultural shift. Being an “employed” independent contractor is trivial now, but says nothing about income prospects.
The side job scenario certainly isn’t new, so your point is taken there, that number of jobs “created” always could have been either good or bad without context.
All true
The reason that economists use GDP (probably switching back to GNP in the post Trump world) is because it is easily available and easily sniff tested.
A better measurement would be appreciated if made available