Today Is Jobs Day

Moneybox
A blog about business and economics.
March 9 2012 7:33 AM

Today Is Jobs Day

A new Bureau of Labor Statistics jobs report will be out today at 8:30 AM. My guess is that we'll see a strong number consistent with an accelerating recovery story. I'll go with 285,000 as my point estimate. I reviewed most of the data points that lead to that forecast a week ago, but I would add Heidi Shierolz's point that aggregate hours worked are near their pre-recession level, so firms have less room to squeeze output without adding jobs.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

  Slate Plus
Working
Nov. 27 2014 12:31 PM Slate’s Working Podcast: Episode 11 Transcript Read what David Plotz asked a helicopter paramedic about his workday.