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re: Jobs Report Crushes Estimates
Posted on 2/3/23 at 3:47 pm to I Love Bama
Posted on 2/3/23 at 3:47 pm to I Love Bama
This concerns me.
One of the main signals the Fed is looking for before stopping the rate hikes is for Unemployment to begin climbing. It's like the gauge on a pressure cooker except that even though the heat is still going up, the pressure is reading as normal. If this is the case, there's not going to be a good ending to this.
500k+ jobs is a huge number for any month, but January? Fuuuuuck me.
Either they have altered the way they are gathering job numbers or something else is going on, something which everyone seems to be missing.
One of the main signals the Fed is looking for before stopping the rate hikes is for Unemployment to begin climbing. It's like the gauge on a pressure cooker except that even though the heat is still going up, the pressure is reading as normal. If this is the case, there's not going to be a good ending to this.
500k+ jobs is a huge number for any month, but January? Fuuuuuck me.
Either they have altered the way they are gathering job numbers or something else is going on, something which everyone seems to be missing.
Posted on 2/3/23 at 3:49 pm to Bard
The State of The Union address is a few days away....
Posted on 2/3/23 at 5:16 pm to Bard
quote:
Either they have altered the way they are gathering job numbers
They have been adjusting the original estimates significantly over the last 12 months. Typically downwards
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