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Employment Headline Hopeful – Ignore The Details At Your Peril

Por: Forbes Business December 04, 2022

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Regional Fed & ISM Services IndexesRefinitiv, Capital Economics The big story of the week was the +263K jump in Nonfarm Payrolls, somewhat higher than the street estimate of 200K, now causing some pundits to say that a “soft landing” is now likely for the economy. Unfortunately, the headline number is quite misleading. The Payroll Survey is a survey of larger businesses and counts jobs, while the Household Survey counts those who are... + full article



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