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UBS On-Air: Paul Donovan Daily Audio 'Still not hiring'
Published 1 month, 3 weeks ago
Description
The September US employment report was finally released. This data’s quality has deteriorated dramatically—not because of the shutdown, but because survey response rates have been weak for some time, and the seasonal adjustment process in September has been a distortion in recent years. Payrolls rose, but so did the unemployment rate.