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Philadelphia Federal Reserve says 10K jobs were added in the US in Q2, NOT 1 million

Philadelphia Federal Reserve says 10K jobs were added in the US in Q2, NOT 1 million

This comes from the Philadelphia Fed's quarterly reassessment of payrolls. Its “early benchmark revision of state payroll employment“.

If you want to stop reading here, the kicker is that US payrolls have been overstated by at least 1 million, if not more.

If you want more.

  • Estimates by the Federal Reserve Bank of Philadelphia indicate that the employment changes from March through June 2022 were significantly different in 33 states and the District of Columbia compar... Read More
Posted: Dec 16 2022, 01:20
Author Name: forexlive
Views: 102217

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