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UBS On-Air: Paul Donovan Daily Audio 'Policy and data problems'
Published 1 month, 2 weeks ago
Description
With the US not working tomorrow, we get June labor market data today. The level of inaccuracy in the data means the monthly changes should not be taken too seriously. The trends are still the same—not too much hiring, not too much firing. The general level of policy uncertainty over the past 18 months encouraged paralysis of corporate decision-making.