‘Disappointing’ Employment Data: A Look Beneath The Hood
A Tale of Two Surveys On Friday, markets were disappointed by the “meager” +210K (seasonally adjusted (SA)) headline Payroll Report (The “Establishment Survey”). The consensus expectation was for more than +570K with the lowest survey participant at +375K. Remember that the BLS adds a lump of more than +100K to the actual survey results each month (the […]