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Podcast: The Real Estate Espresso Podcast
Episode: Can We Trust The Employment Statistics?
Description: On today’s show we are taking a closer look at the employment statistics that were released last Friday.
The headline in the Wall Street Journal read “Hiring and Wages are Up, Reinforcing the Economy’s Resilience”. The subtitle to the article then reads:
“The U.S. posted surprisingly large gains in both jobs and pay, even though the unemployment rate ticked up to 4%”
CNBC said “U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%.”
Each month there are two surveys conducted. The establishment survey queries employers about how many people they have hired in the past month...