Latest / Eurodollar University
The Labor Market is Starting to Crack
More labor market cracks are showing and expanding. Even some of the data which has been resilient may have to be substantially changed given new information that just came to light. Labor weakness continues to clear out the FOMC setting the Treasury market up the next rally - though it isn't quite there yet.
Eurodollar University's Money & Macro Analysis
ADP National Employment
https://adpemploymentreport.com/
ADP Pay Insights
https://payinsights.adp.com/?_ga=2.165121663.1500609015.1717601960-340309474.1717601960
BLS QCEW Overview
https://www.bls.gov/cew/overview.htm
BLS QCEW…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.