The monthly U.S. jobs reports have topped market estimates many times this year. The July and August non-farm payrolls (NFP) reports showed 528,000 and 315,000 new jobs, respectively, higher than what many economists and analysts had initially projected.  
White House officials have taken victory laps on the employment data, noting that these numbers are proof the economy is strong and thatPresident Joe Biden’s policies are supporting post-pandemic growth.  
But economists had questions about the discrepancy between the Bureau of Labor Statistics (BLS) data and the various labor-related numbers revealed throughout the month. Plus, why has the Federal Reserve’s quantitative tightening campaign failed to diminish labor demand?…