4min chapter

Forward Guidance cover image

Fed Will Hike Rates Into Economic Train Wreck | Danielle DiMartino Booth

Forward Guidance

CHAPTER

The BLS Data Is Painfully Corrupted

The unemployment rate is at 3.7%. How can you say the labor market is as dire as you say when workers themselves are saying the labor market remains tight? The CFO survey came out yesterday and showed that by 2024, they're going to be drastically reducing headcount. 40% of small business CFOs cannot access financing. But if you hang your own shingle, you're not going to file a jobless claim against yourself.

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