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Saturday, March 11, 2017

That first Trump jobs report: good, not euphoric

More spin: the jobs data is good news, but it's been treated as a Trump triumph. (1) given lags, the previous administration deserves most of the credit, and (2) it's not like it's an unprecedented gain in jobs. It's well in line with some of the other higher figures in this graph. (Wall Street Journal, March 11, 2017).