How Misperceptions Spread And Cause Confusion On Money Matters
U.S. jobs data triggered fearful headlines on Friday. It's a cautionary tale of how misperceptions spread in an instant and cause mass confusion about money matters.
From The New York Times to specialized news outlets, like The Street, headlines were uniformly grim after the jobs data was released by the government on Friday morning.
The aberrant jobs report also distracted from new data showing the strong rate of growth in the productivity of U.S. workers. This extended an important fundamental economic trend that's been unfolding over the last three years.
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