- In today’s CEO Daily: Diane Brady on that time Jack Welch claimed the job numbers were being manipulated.
- The big story: Trump continues to make false claims about the employment numbers.
- The markets: Recovering from Friday’s collapse.
- Analyst notes from Analysts ING on the Fed, Goldman Sachs on U.S. GDP, and JPMorgan on corporate earnings.
- Plus: All the news and watercooler chat from Fortune.
Good morning. I’ve never liked how the U.S. measures joblessness. The official unemployment rate doesn’t include the number of people who have given up looking for work or are stuck in low-paid jobs that don’t match their skills and aspirations. It doesn’t capture the difference between long-term vs. short-term employment, contract or full-time jobs. Economists at the U.S. Bureau of Labor Statistics (BLS) understand that frustration and publish a range of measures to capture the nuance of labor underutilization.
