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Why U.S. Job Gains Are So Hard to Count During Covid-19
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The monthly U.S. jobs report moves trillions of dollars in market trades and influences key policy decisions such as the Federal Reserve’s interest-rate plans.
But during the Covid-19 pandemic, economists have had an especially hard time predicting the report’s headline number of jobs added. Meanwhile, the government itself has routinely made big revisions to its initial estimates.
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