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Weekly Market Recap – January 13, 2025

chart_of_the_week 01-13-2025

With different data sources telling different stories, last year was confusing for labor market observers. The closely
watched Jobs report, for example, leverages two surveys: the establishment survey and the household survey. While
both surveys showed impressive job growth in December 2024, the longer-term trends diverge. Since March 2022, the
U.S. has added 8.2m jobs according to the establishment survey, but just 3.5m based on the household survey.

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