Job Market Continues Recovery; Economy Getting Boost From Low Mortgage Rates

A customer walks out of a U.S. Post Office branch and under a banner advertising a job opening, in Seattle on June 4, 2020. Elaine Thompson/AP Photo

Commentary

Today, two key pieces of data were released. One will be reported correctly, and for the other, we would expect most news outlets to focus on the wrong thing.

About 1 Million per Month Are Leaving Job-Loss Government Programs

Today, the Bureau of Labor Statistics reported lots of information regarding the U.S. job market. Most news outlets will report only that the number of people filing for “initial” (first time) unemployment benefits was up over the previous week.