The Jobs Market Is On The Brink

Sculpture, Art, Breadline, Bronze, Depression, 1930

Image Source: Pixabay
 

I said the payroll number is wrong and Jay Powell of all people agrees. But if the real question is how wrong, that's where the debate is even though it should already be settled. There is plenty of evidence the US is tilting in the direction of the HH Survey and unemployment rate. And that includes the rates market which ignored the FOMC's hawkish dots.

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