Unemployment
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Is the US Labor Market Data Becoming Unreliable?
🔶 Response rates for key labor market surveys have declined to near-historic lows, raising concerns about the reliability of the data.
🔶 The non-farm payrolls survey response rate has dropped from ~63% in 2012 to ~43% in 2024.
🔶 The current population survey, which calculates the unemployment rate, fell from ~90% to ~70% over the same period.
🔶 Job openings survey response rates have also plummeted to ~33%, down from ~65% just 12 years ago.
🔶 The BLS initially releases data based on a smaller share of responses, leading to massive downward revisions as more data is collected.
Something seems off with how labor market data is being reported.
#USEconomy #Unemployment #CPI_BTC_Watch #JobData
🔶 The non-farm payrolls survey response rate has dropped from ~63% in 2012 to ~43% in 2024.
🔶 The current population survey, which calculates the unemployment rate, fell from ~90% to ~70% over the same period.
🔶 Job openings survey response rates have also plummeted to ~33%, down from ~65% just 12 years ago.
🔶 The BLS initially releases data based on a smaller share of responses, leading to massive downward revisions as more data is collected.
Something seems off with how labor market data is being reported.
#USEconomy #Unemployment #CPI_BTC_Watch #JobData
🌍𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗕𝗿𝗮𝗰𝗲 𝗳𝗼𝗿 𝗞𝗲𝘆 𝗨𝗦 𝗗𝗮𝘁𝗮: 𝗘𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁 & 𝗨𝗻𝗲𝗺𝗽𝗹𝗼𝘆𝗺𝗲𝗻𝘁! 🌍
All eyes are on the US as two critical reports—Non-Agricultural Employment and Unemployment data for August—are set to shake up the global markets. 📊 These figures will directly influence the Fed's upcoming interest rate decision on September 18. Will the numbers change the game?
Expectations are that 161k new jobs were added last month, and unemployment could dip to 4.2% from 4.3%. If the figures come in much lower, it could spell a 50 basis point rate cut from the Fed. 👀
The last surprise came in July when employment fell short at 114k (against an expected 185k), sparking recession fears. 😮 Could we be in for another shock today? If the numbers disappoint, markets may start pricing in big changes from the Fed. Stay tuned for what could be a market-moving event! 🔥
#Write2Earn! #EmploymentData #Binancepen_spark #Unemployment #MarketWatch $TON $DOGS $PEPE
All eyes are on the US as two critical reports—Non-Agricultural Employment and Unemployment data for August—are set to shake up the global markets. 📊 These figures will directly influence the Fed's upcoming interest rate decision on September 18. Will the numbers change the game?
Expectations are that 161k new jobs were added last month, and unemployment could dip to 4.2% from 4.3%. If the figures come in much lower, it could spell a 50 basis point rate cut from the Fed. 👀
The last surprise came in July when employment fell short at 114k (against an expected 185k), sparking recession fears. 😮 Could we be in for another shock today? If the numbers disappoint, markets may start pricing in big changes from the Fed. Stay tuned for what could be a market-moving event! 🔥
#Write2Earn! #EmploymentData #Binancepen_spark #Unemployment #MarketWatch $TON $DOGS $PEPE
Intresting Fact:
Global unemployment is projected to reach 208 million people in 2023, with an unemployment rate of 5.8%.
As of April 2023, South Africa had the highest unemployment rate among the 19* countries that are members of the G20. The unemployment rate in South Africa stood at 34.7 percent that year. The country has recently been plagued by an economic downturn, including energy shortage and high unemployment levels. #Unemployment #GlobalStandards
Global unemployment is projected to reach 208 million people in 2023, with an unemployment rate of 5.8%.
As of April 2023, South Africa had the highest unemployment rate among the 19* countries that are members of the G20. The unemployment rate in South Africa stood at 34.7 percent that year. The country has recently been plagued by an economic downturn, including energy shortage and high unemployment levels. #Unemployment #GlobalStandards