The economy is improving — and confusing

Washington digests some very good, very confusing, economic news

The US economy’s encouraging start to 2023 got a major boost this morning when the Labor Department published its January jobs report. It showed that non-farm payrolls increased by 517,000 last month, a far higher figure than the Dow Jones estimate of 187,000. Economic forecasts are often wrong, but that’s a very big miss.

Continued Article: https://thespectator.com/newsletter/economy-improving-confusing-dc-diary-02-03-23/