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(Great post/article!) I was so confused as to why you said counterpoint -- it is deep in the article, if at all. > If the government’s jobs data is considered
by altcognito 1y ago
(Great post/article!) I was so confused as to why you said counterpoint -- it is deep in the article, if at all.
> If the government’s jobs data is considered biased or unreliable, Wall Street will have other places to look. ADP reports figures on private payrolls, for instance. (And it also tells a bearish story: ADP showed a net loss of jobs in June, for instance.) Meanwhile, Gallup once tracked employment numbers on a weekly basis based on its large-scale surveys and could resume that effort. Or investment banks like Goldman Sachs might conclude they could have a competitive edge by tracking their own economic data.
But in the following paragraph he points out that the numbers aren't likely to be as accurate, comprehensive, or as reassuring as numbers generated by the government. Overall though it is a really good article worth a share of its own.