The cracks in America's ultra-strong labour market
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Basically, there's a discrepancy between the Non-Farm payroll survey and the Household survey, with the first showing 1.2 million net jobs added, since the start of the year, and the later showing 100,000 net jobs lost.

If the later is the correct figure, the economy is rapidly decelerating and the Federal Reserve's tight-money policy is a mistake.

#News #Economy #jobs /nosanitize

The Economist "gift" article.
https://econ.st/4b7i9U9