Time to stop trading off the payroll data. The downward revisions in 2023 totalled an epic 443k. More than 40% of payroll growth in 2023 didn’t even come from the survey but from the fairy-tale ‘Birth-Death’ model.
— David Rosenberg (@EconguyRosie) January 5, 2024
Monday, January 8, 2024
Fake jobs data from fake administration
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