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S1E37 - When a Jobs Report Counts Jobs, Not People

EPISODE · Mar 31, 2026 · 6 MIN

S1E37 - When a Jobs Report Counts Jobs, Not People

from Thinking in Markets · host Vox

A weak payroll number can make the labor market look worse than it is, or at least different from what many listeners think it measures. Michelle and Vox unpack the February 2026 U.S. jobs report to show why payrolls, participation, and wages can move in ways that seem contradictory when they are really counting different things.

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S1E37 - When a Jobs Report Counts Jobs, Not People

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