Bad Sign for the Economy

Even after yesterday’s promising first time claims and GDP numbers, the state of the economy – especially on the jobs, employment, wages side – remains uncertain and troubling as we enter the Labor Day weekend. As Mark Gimein of Bloomberg reports:

While the headline unemployment rate is indeed falling, we keep finding that other indicators of the job market don’t look great.

And one lagging sector of the labor market is reason for special concern. That would be self-employment. While one might intuitively suspect that self-employment would be on the rise during bad times – as people who can’t get hired, hire themselves – the converse is true.