“Without labor nothing prospers.”
– Sophocles
The Through Line: Capital markets absorbed Tuesday’s sizeable downward revision to jobs numbers with a lot more grace than they did a month ago when the run rate of a similar series was also sharply reduced. This week, we dive into the nuances of why data matter; challenges to collection and analysis that have emerged in recent years; and what the tea leaves could be telling us heading into 2026.
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