August 2, 2024 – In today's Smart Macro segment, Chris Puplava dives into the jobs data released today and surveys the major trends we are seeing by state and region. As he points out, California posted the worst numbers in the country, which is significant since it is the largest and most populous state in the US. Chris comments on the significant gap that existed between the more optimistic government statistics on non-farm payrolls and the more pessimistic household survey, which is now starting to close, with the government data released today playing catch-up to the downside along with a series of negative revisions in prior reports. What will be the most important factors to watch in light of the current market sell-off? Listen in and find out as Chris explains what he'll be monitoring closely in the weeks and months ahead.
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