U.S. Jobs Report 'Steady as She Goes': Alan Krueger

The transcript discusses the stability of the market, emphasizing a 'no drama' report. It compares the household and payroll surveys, noting that both indicate a steady recovery. The household survey, used to calculate unemployment and labor force participation, shows a potential return to the labor market. However, the report is considered noisy, and the speaker suggests weighing the household survey less than the establishment survey. Overall, the report suggests a consistent pace of recovery similar to the previous month.

What does the term 'steady as she goes' imply in the context of the economic report?

How do the household and payroll surveys differ in their implications for the labor market?

What does the speaker suggest about the labor market's recovery based on the household survey?

In what way does the speaker describe the report as 'noisy'?

What weight does the speaker place on the household survey compared to the establishment survey?