Michael McKee
๐ค SpeakerAppearances Over Time
Podcast Appearances
It appears that he wanted to brag about job creation under his administration from January to January.
So he published a total number of jobs created during the year.
But the problem was, is it included the figures for December and.
And December's figures not only added to it, but subtracted some because of the revisions.
And you would have had to parse all that out.
Investors, analysts, economists, and politicians are awaiting the December jobs numbers with great enthusiasm.
October and November's data were affected by the government shutdown.
Last month's numbers will be the first clean read since September.
A lot is riding on what that reading is.
Job growth appears to have been slowing or even falling for the past half year, but unemployment has barely changed.
Week-December jobs would suggest more rate cuts from the Fed, but a drop in unemployment, which is forecast, would argue the opposite.
Although any conclusions will be tempered because the shutdown meant there was no October unemployment figure, and we could see big revisions to the delayed October and November numbers.
The data may be clean, but it's not certain how clear they will be in setting a rate cut agenda.
Michael McKee, Bloomberg Radio.
Eight thousand jobs for unemployment claims filings.
That's up from one ninety nine was the initial report that's been revised up to two hundred thousand for the prior week.
Now, remember, these are pretty low numbers, but we also had the last two weeks be holiday weeks.
So we could see a jump up in the weeks after that.
Evaluating it when we do, but working broadly to make sure that we are working to make housing more affordable and accessible to families in the United States.