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Powell Said Payroll Jobs Overstated, Labor Report Likely To Confirm Imminent Recession

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Powell Said Payroll Jobs Overstated, Labor Report Likely To Confirm Imminent Recession

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Payroll jobs could be overstated

Powell said that payroll jobs “may be a bit overstated” at the June post FOMC meeting press conference.

So you put all that together—what you have is still-low unemployment, still 4 percent unemployment—historically low. But it’s moved

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