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Signal versus noise - Episode 1 - Employment Surveys
Episode 1 - Employment Surveys: Establishment vs Household
Participants: Edward Dowd and Carlos Alegria
In this episode we analyze the discrepancies between the US Employment Surveys, namely the Establishment and Household. These discrepancies have been confounding economists since 2022 to the end of 2024. The economy has been characterized by robust real GDP growth, but many US households appear to be struggling.
By understanding these discrepancies, we can thereafter understand the events that will unfold from 2025 onwards as the new Trump administration changes course from prior policies.
This episode is in the context of our US Economy report where we explain in detail why we see the danger of a recession in 2025, and why it could be a worldwide recession.
https://phinancetechnologies.com/Product_USEconomyOutlook2025.htm
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US Economy report:
https://phinancetechnologies.com/Product_USEconomyOutlook2025.htm
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