The Recession the Unemployment Rate Can't See | Eric Pachman on the Data Beneath the Jobs Report
About this episode
Eric Pachman discusses the limitations of traditional employment and inflation data in understanding the U.S. economy.
Eric Pachman of Data 4 The People joins Matt Zeigler to explain why headline employment and inflation data may be giving investors an incomplete picture of the U.S. economy. They examine falling labor force participation, Medicaid-funded healthcare jobs, wage quality, oil and diesel shortages, consumer financial stress and how AI can make public data more useful. Eric Pachman on X https://x.com/EricPachman Data 4 The People https://www.data4thepeople.com/ Main topics covered Why the establishment survey and household survey can tell very different labor market stories Why unemployment may miss weakening labor force participation and disappearing working-age Americans The decline in participation among older workers and men How healthcare and Medicaid-funded care have become the engine of U.S. job growth Why Medicaid cuts could create a major employment and consumer spending risk What occupational wage data reveals about the quality of new jobs and home healthcare pay The differences between CPI, PCE and core inflation and why the standard measures can be misleading How crude oil grades, refinery design and 3-2-1 crack spreads shape energy prices Why falling diesel inventories…
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