UBS On-Air: Paul Donovan Daily Audio 'Distorted data and political perceptions'
UBS On-Air: Market Moves · Podcast owner
November 1, 20242m 29s
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Show Notes
It is US employment report Friday. This report is distorted by hurricanes, strike action, and the fact that the data is always wrong. Taking a broad sweep of economic data, the signs are that the labor market is doing fine. The ongoing strength of US consumer spending suggests little fear of unemployment, for instance.