The most recent jobs report was amazing! Tons of people got jobs and/or got back in the labor pool.
The most recent jobs report was rough. Hiring is down and talent is hard to find.
Both statements are true. Just depends which metric - employers (aka large corporations) or households - you decide to use.
It’s really tough to get the full picture from one number. As always, context is that which is scarce.
(h/t AVC, which has a great chart on new business formation)