UBS On-Air: Paul Donovan Daily Audio 'Orwellian employment'
UBS On-Air: Market Moves · Podcast owner
August 2, 20242m 22s
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Show Notes
The US employment report for July is due. Like Orwellian newspeak, this can often mean the reverse of what it says it means. The household and establishment surveys portray contrasting pictures of employment (and both have shocking response rates). Immigration, self-employment, automation, and switching to higher quality jobs all play a role in messing with the data.