Heterodox
The “gold standard” of jobs data shows a strong rebound in Q3 2022 – by New Deal democrat The preliminary estimate for the Q3 2022 QCEW was released yesterday. Although the monthly nonfarm payrolls report gets all the glory, it is only a survey. The QCEW is an actual census of the roughly 95% of all businesses paying unemployment insurance. It is reported with about a 6 month delay, and is not seasonally adjusted. The bottom line is while...
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