Complete mess. Payrolls revised massively lower. The govt discovers three million people and assumes two million were employed this whole time. More important than those, hours are shrinking to the point the average workweek is the lowest its been since MARCH 2020. Strong and resilient, as always.
Eurodollar University's Money & Macro Analysis
BLS Employment Situation
https://www.bls.gov/news.release/empsit.nr0.htm
BLS Adjustments to Household Survey Population Estimates in January 2025
https://www.bls.gov/web/empsit/cps-pop-control-adjustments.pdf
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.