UBS On-Air: Paul Donovan Daily Audio 'Still not hiring'
UBS On-Air: Market Moves · Podcast owner
November 21, 20252m 53s
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Show Notes
The September US employment report was finally released. This data’s quality has deteriorated dramatically—not because of the shutdown, but because survey response rates have been weak for some time, and the seasonal adjustment process in September has been a distortion in recent years. Payrolls rose, but so did the unemployment rate.