2026-08-07 12:31 UTC
Disaster CES print, really bad. Household numbers look COMPLETELY different.
I think CES is running into major sampling issues, there's just no way July jobless claims plunged as hard as they did with a negative job creation number. They're just completely inconsistent.
Replies (1)
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@peark.es@bsky.brid.gy 2026-08-07 12:34
Under the hood, warehouse clubs/supercenters/etc cut 20k+ employees MoM...one of the larger industry job losses. I am confident that number is wrong. Bars and restaurants were another standout, -26.1k MoM. Hard to believe as well but at least possible. Final notable: state/local education -49k