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🚨BLS reports job market is in fantastic shape but consumers think the opposite
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IMPORTANT analysis

🚨BLS reports job market is in fantastic shape but consumers think the opposite

Data is skewed again by seasonal adjustments and low quality of jobs

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Global Markets Investor
Jan 14, 2025
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🚨BLS reports job market is in fantastic shape but consumers think the opposite
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The Bureau of Labor Statistics (BLS) estimates the US economy created 256,000 jobs in December, according to a job report released Friday, January 10. This was way above Wall Street’s expectations of 160,000. The unemployment rate fell slightly to 4.1%, below forecasts of 4.2%.

Notably, the jobless rate is still above its 36-month moving average meaning the uptrend remain intact.

After the report, euphoria took over Wall Street and mainstream media. The devil, however, as always is in details.

In the following sections, we dig into the details of the job report as usual and explain the real picture of the labor market. Below you can find the previous analyses.

🚨November job market report is worse than many think

🚨November job market report is worse than many think

Global Markets Investor
·
December 10, 2024
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US job market report for October was a disaster

US job market report for October was a disaster

Global Markets Investor
·
November 6, 2024
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What is really happening with the US job market?

What is really happening with the US job market?

Global Markets Investor
·
October 9, 2024
Read full story
US job numbers have been revised down by 818,000 for the 12 months through March 2024

US job numbers have been revised down by 818,000 for the 12 months through March 2024

Global Markets Investor
·
August 21, 2024
Read full story

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A FUNKY SEASONAL ADJUSTMENT INFLATED THE JOB’S NUMBER

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