The Great Formation
A VC: Musings of a VC in NYC
DECEMBER 6, 2021
On Friday, the US jobs report produced a confusing result. From Bloomberg : The jobs report is composed of two surveys — one of employers and the other of households. The employer survey, which determines the payroll and wage figures, showed hiring slowed across industries, including declines at automakers and retail outlets. The household survey, which determines the jobless and participation rates, showed employment surged by 1.14 million people and many came off the sidelines.
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