Episode Details
Back to EpisodesThe Bad First Draft That Moves Billions
Description
In today's episode:
A number that moves markets every single month turns out to be built on a shakier foundation than most people realize, and it's wrong by design.
There's a specific reason unemployment might actually be a full point higher than what's being reported.
A clever alternative to the official jobs report is tracking a much better signal, but even that comes with a catch.
CEO Daily Brief with Dr. Jessica Kriegel is a 5-minute daily podcast where business pragmatism meets inner wisdom.
John Frehse, Global Head of Labor Strategies at Ankura, joins Jessica to explain why the monthly jobs report is essentially a rough draft prone to major revisions, and why CEOs might be reacting to numbers that aren't even close to accurate.
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