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UBS On-Air: Paul Donovan Daily Audio 'Employment report Wednesday'
Published 1 month, 2 weeks ago
Description
We get the delayed January US employment report and benchmark revisions for the past two years. For markets what is important is that economies respond to reality, not reported data. Whatever the employment reality was in 2025, it was consistent with a low fear of unemployment and US consumers willing to cut savings to pay for tariffs. Revising reported data to bring it closer to reality does not change that story.