(Thread)
9 things to expect from tomorrow's Dec #JobsReport - will also provide exact numbers and snap reax when data drops:
1. Huge double counting in headline number
2. Hemorrhaging of full-time jobs
3. Continued gap between household and establishment surveys
9 things to expect from tomorrow's Dec #JobsReport - will also provide exact numbers and snap reax when data drops:
1. Huge double counting in headline number
2. Hemorrhaging of full-time jobs
3. Continued gap between household and establishment surveys
4. Large number of people with multiple jobs
5. Small number of people self-employed
6. Weak labor force participation artificially depressing unemployment rate
5. Small number of people self-employed
6. Weak labor force participation artificially depressing unemployment rate
7. Weakness in manufacturing and construction
8. Annual earnings growth below inflation
9. Huge downward seasonal adjustment (30% more than normal) because BLS effectively front-loaded jobs in 2021
8. Annual earnings growth below inflation
9. Huge downward seasonal adjustment (30% more than normal) because BLS effectively front-loaded jobs in 2021
• • •
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