Recent Positive Developments
In general, we try not to make too many comments on economic affairs as we profess that we are not experts in this field. However, every now and then, we do want to jump in to clarify some widely confused data and facts. This has become even more relevant as rumors, half baked opinions and some out right faked news are abound in this chaotic social media era. This is one of those times.
In this newsletter, we want to try our best to point out some of recent developments.
What does the jobs report really say
The Bureau of Labor Statistics (BLS) reported on Friday that employers had added more than 2 million jobs in May and that the unemployment rate had unexpectedly fallen. This was a big surprise to almost everyone. Stocks immediately shot up. Some, however, were very suspicious and even claimed the report was rigged.
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