UBS On-Air: Paul Donovan Daily Audio 'Employment report Friday—do we care?'

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Recorded05 Apr 2024

Publishersecure.ubs.com

Handlerec:4544113

Show notes

It is US employment report Friday (or “average earnings are not wages” day). Since mid-last year, the US has added almost 1.60 million jobs, and has also lost almost 0.25 million jobs depending on which bit of the employment report you read. Labor markets are changing—flexible working, changing industries like online retail, new jobs like social media influencers, the rise and fall of job hopping, side hustles and more self-employment, automation, volunteering, early retirement, and population movements. Data is not capturing these changes properly.

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