Employment Data –Turning a Sow’s Ear into a Silk Purse

Employment Data –Turning a Sow’s Ear into a Silk Purse The financial markets were stunned by the huge rise in net new jobs in both the Establishment (Payroll) Survey (+467K; consensus forecast +125K), a monthly survey of businesses, and the Household Survey (+1.2 million), a similar survey of individual households. This was especially surprising given […]