This mornings view form UBSs Paul Donovan comes as a follow-up TO Friday’s NFP and as global yields continue to press higher… Wrong data (the aftermath) Last Friday’s employment report was wrong—because it always is. The tendency in 2021 was for the payrolls number to be revised significantly and positively. Payrolls will also miss those engaged in the explosion of small business startups from late 2020 onwards.
"Wrong data (the aftermath)" -UBS
"Wrong data (the aftermath)" -UBS
"Wrong data (the aftermath)" -UBS
This mornings view form UBSs Paul Donovan comes as a follow-up TO Friday’s NFP and as global yields continue to press higher… Wrong data (the aftermath) Last Friday’s employment report was wrong—because it always is. The tendency in 2021 was for the payrolls number to be revised significantly and positively. Payrolls will also miss those engaged in the explosion of small business startups from late 2020 onwards.