Unemployment surge to 3.8% may be a summer-jobs mirage
The U.S. unemployment rate jumped to an 18-month high of 3.8% in August. Does that mean the economy is tottering and layoffs are rising? Ah, no. Here’s why. The U.S. unemployment rate jumped to an 18-month high of 3.8% in August. Does that mean the economy is tottering and layoffs are rising? Ah, no. Here’s…