Don't believe in the latest US unemployment data. The overly optimistic numbers are fake!
The US will be revising the unemployment data soon.
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Singapore Macro Strategist
- Eric Ho
- A pundit of the third realm, a sapient, unflappable and nonpareil homosapien, with monumental fortitude and tremendous tenacity, one who has been through the vicissitudes of life, and has mastered great dexterity and virtuosity to discern between verisimilitude and actual reality.
Received Top 75 Singapore Investment Blog Award in July 2017
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Received Top Singapore Investment Blog Award in March 2025
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1 comment:
"The U.S. economy added 2.5 million jobs in May and the unemployment rate fell to 13.3% — economists had predicted the loss of 7.25 million jobs and an unemployment rate of 19%."
The US had fudged its employment data beyond belief and would need to correct its mistake.
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