Chuck Cowan’s Post

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Mortgage Recruiting- Training & Coaching

The US economy LOST 192,000 jobs in Q3 2023, according to the BED report released by the BLS last week. BED data tracks quarterly changes in employment at all private businesses in the US economy. Meanwhile, US nonfarm payrolls data showed that the US labor market added 494,000 new jobs in Q3 2023. This is a WHOPPING 686,000 difference in job count over just one quarter. The BED data from the BLS suggests that the final labor market revisions released in 2025 will be MUCH lower than the headline-reported job numbers. What is happening here? (TKL)

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Shawn Shahpari, AFC® 🇺🇸

Specular Financial and Insurance Services

6mo

The only thing I can think of is high turnover rates.

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