The Jobs Market is on the Brink

Eurodollar University's Anniversary Webinar: The Fundamentals of Interest Rates over the Next 12 months.Sign up below:https://event.webinarjam.com/channel/ratesI said the payroll number is wrong and Jay Powell of all people agrees. But if the real question is how wrong, that's where the debate is even though it should already be settled. There is plenty of evidence the US is tilting in the direction of the HH Survey and unemployment rate. And that includes the rates market which ignored the FOMC's hawkish dots. Eurodollar University's Money & Macro AnalysisJay Powell's Press Conferencehttps://www.youtube.com/watch?v=q3ZE5tF_IMUCNBC Quotes from Jay Powell Press Conferencehttps://www.cnbc.com/2024/06/12/fed-meeting-today-live-updates-on-june-fed-rate-decision.htmlPolitico Biden’s economy: Good metrics, bad vibes, few levershttps://www.politico.com/news/2024/06/07/biden-has-an-economic-story-to-tell-and-yet-00162338Guardian Majority of Americans wrongly believe US is in recession – and most blame Bidenhttps://www.theguardian.com/us-news/article/2024/may/22/poll-economy-recession-bidenBLS Business Employment Dynamics Summaryhttps://www.bls.gov/news.release/cewbd.nr0.htmTable 4'https://www.bls.gov/news.release/cewbd.t04.htmhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU