America’s economy is wildly confusing right now. Here’s what’s really going onAmerica’s economy is wildly confusing right now. Here’s what’s really going on 

Just 10 days ago, anxious markets were freaking out about the US economy, convinced that the recession we’ve avoided for three years was finally happening. It appears to have be a wild overreaction (amplified by some unrelated financial shenanigans) to a single report on the labor market.