Job’s Report Reversal or not?

You decide! Today’s jobs announcement as reported by the Establishment Survey (CES) suggests a stark slowdown in new hiring compared to the average trend. Conversely, the Household Survey (CPS) seems to argue a continuum of the job growth story. Unquestionably, the overall employment expansion was stymied from the Government Shutdown. Also, I suspect C-Suite decision makers were digesting the aftershocks of the stock market’s Q4 market descent of nearly 20% and chose to tighten up on the growth reins until sentiment normalized. https://lnkd.in/gQJCicv

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