Nancy Marshall-Genzer
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Podcast Appearances
Powell says the actual number could be negative, a loss of 20,000 jobs per month.
The Fed Chair says this kind of forecasting is tough.
The BLS is going to change its modeling a bit.
That could make the numbers more accurate starting this February.
But in the meantime, Powell says, we're in a situation... Where job creation may actually be negative.
which could be giving workers a false sense of security.
The BLS is scheduled to release the November jobs numbers next week.
Jobs data from this fall is late and in some cases incomplete because of the government shutdown.
I'm Nancy Marshall-Genzer for Marketplace.