![\"Moody\u2019s](\"https:\/\/static.toiimg.com\/thumb\/msid-132379536,imgsize-43284,width-400,height-225,resizemode-4\/mark-zandi.jpg\")
<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\nMark Zandi, the chief economist of Moody\u2019s Analytics has cautioned that the June employment report paints an overly optimistic picture of the US labour market. According to a report by Benzinga, in a series of posts shared on social media platform X (formerly known as Twitter) Zandi argued that commentary around the report was \u201cmuch too dismissive of how weak the numbers looked, all the noise in the data notwithstanding.\u201d Zandi noted that payroll employment posted only modest gain in June, while in the months prior to June, job gains were revised downward. He further added that most of the hiring came from the healthcare sector rather than being broadly distributed across the economy.\u201cNot only did employment as measured by the payroll survey post a small gain in the month, but previous month\u2019s gains were revised much lower, and the bulk of the job gains were in healthcare. And employment as measured by the household survey fell sharply again, as it has all year,\u201d wrote Zandi.<\/p>\n The economist further pointed to the household survey, saying employment \u201cfell sharply again, as it has all year.\u201d He argued that the decline in the rate of unemployment was misleading because it coincided with a sharp drop in labour force participation. Participation has fallen across most demographic groups, particularly among workers under 35. \u201cThe unemployment rate ticked lower, but only because labor force participation is in free-fall. Participation is down across most demographic groups, especially among workers under 35. Employment-to-population ratio for prime-age workers also fell. The declines are surely overstated, but even so,\u201d added Zandi.<\/p>\n Zandi cited his \u201cvicious-cycle measure,\u201d which adjusts unemployment for trend labor force participation. He said the measure rose above 5% in June: \u201cWithout the outsize decline in participation, unemployment would be over 5%.\u201d\u201cYou may recall our vicious-cycle measure, which adjusts the unemployment rate for trend labor force participation. It rose to over 5% in June. That is, without the outsize decline in participation, unemployment would be over 5%. As I said, the commentary on the June report was much too sanguine,\u201d wrote Zandi in a post on X.<\/p>\n Some economists echoed concerns about the June data. Laura Ullrich of Indeed Hiring Lab suggested the decline in participation may reflect a shrinking worker supply rather than weaker hiring demand, noting employers could still be seeking workers but facing fewer available candidates.Meanwhile, Cathie Wood of ARK Invest called the report \u201cweird\u201d, arguing government labor statistics appeared distorted due to differences between payroll and household surveys. She advocated using more private-sector data to assess labor market conditions. <\/div>\n Mark Zandi, the chief economist of Moody\u2019s Analytics has cautioned that the June employment report paints an overly optimistic picture of the US labour market. According to a report by Benzinga, in a series of posts shared on social media platform X (formerly known as Twitter) Zandi argued that commentary around the report was \u201cmuch […]<\/p>\n","protected":false},"author":1,"featured_media":1651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-1650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-31"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg","medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg","medium_large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg","large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg","1536x1536":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg","2048x2048":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg","blogsy-small":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg","blogsy-small-tall":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg","blogsy-small-square":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg","blogsy-small-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg","blogsy-medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg","blogsy-medium-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg","blogsy-large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg","blogsy-wide":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg"},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Mark Zandi, the chief economist of Moody\u2019s Analytics has cautioned that the June employment report paints an overly optimistic picture of the US labour market. According to a report by Benzinga, in a series of posts shared on social media platform X (formerly known as Twitter) Zandi argued that commentary around the report was \u201cmuch […]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36"],"magazineBlocksPostViewCount":11,"magazineBlocksPostReadTime":3,"magazine_blocks_featured_image_url":{"full":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg",400,225,false],"medium":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg",300,169,false],"thumbnail":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/07\/mark-zandi.jpg",150,84,false]},"magazine_blocks_author":{"display_name":"admin","author_link":"https:\/\/koshalsambada.in\/author\/admin"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g","magazine_blocks_category":"\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36<\/a>","_links":{"self":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/1650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1650"}],"version-history":[{"count":0,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/1650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/media\/1651"}],"wp:attachment":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Household survey weakness
<\/h2>\n<\/p>\nAdjusted unemployment measure
<\/h2>\n<\/p>\nOther economists weigh in
<\/h2>\n<\/p>\n
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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"