April’s Payroll Jolt, Because Unprecedented Number of Workers Just Quit?
April 2021’s payroll estimate (CES) was the “bad” one; at a revised +278,000 it was “supposed” to have been significantly better than the “good” one for March (+785,000, revised). Near three hundred thousand in any month before 2020 would’ve been celebrated as a near miracle (that’s just how bad the labor market has been for a long time). What made [...]
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