U.S. employers created 379,000 new jobs in February. This news generated much celebration and, for those who fear inflation, some worry.
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Keep in mind that these numbers have many statistical limitations. Even if they’re exactly right, the trends over time mean more than any single report.
That said, this one does concern me. Not so much for the data itself, but rather for the way it excites some people.
We are, I hope, on the way to controlling COVID-19 in the US (though certainly not the rest of the world). The vaccines are proving as effective as the clinical trials showed. Manufacturing capacity is growing. President Biden says there should be enough for...
