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The State of the U.S. Jobs Market. Non-Farm Payroll vs. Household Survey Regardless which jobs data you look at, both are softening. But the Household Survey began weakening much earlier than the Non-Farm Payroll. The Household Survey last month went into contractionary phase- with NEGATIVE JOBS GROWTH. And if you back out the jobs added by the government themselves, it’s MEANINGFULLY NEGATIVE. Might not shock you, but the government doesn’t speak much about that data series- EVEN THOUGH the response rate from respondents is almost 2x higher than the Non-Farm Payrolls. There’s no perfect way to collect data- but info like this gives rise to the populus opinion that the jobs market isn’t as strong as what the government is telling us. Friday’s number will be important- it WILL MOVE MARKETS. Hit the follow for my no BS analysis. #jobs #labormarket #unemployment #economics #investing #investor #finance #stocks #stockmarket #government #politics
Duration: 78 sPosted : Mon, 06 Jan 2025 14:53:44Views
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