Is the Jobs Report Hiding Economic Weakness?

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/security?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jul22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://www.chainalysis.com/coindesk"><em><span style= "font-weight: 400;">Chainalysis</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a> <em><span style= "font-weight: 400;">and</span></em> <a href= "https://near.org"><em><span style= "font-weight: 400;">NEAR</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p> </p> <p><span style="font-weight: 400;">Last week, the Bureau of Labor Statistics reported that 528,000 U.S. jobs were added in July. This was nearly double economists’ estimates. The Biden administration used the report as evidence that there is no recession. On today’s episode, NLW digs into why that headline number may be as obfuscating as it is revealing. </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/security?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jul22"> <strong><em>Nexo</em></strong></a> <em><span style= "font-weight: 400;">is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at</span></em> <a href= "https://nexo.io/security?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jul22"> <em><span style= "font-weight: 400;">nexo.io</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://www.chainalysis.com/coindesk"><strong><em>Chainalysis</em></strong></a> <em><span style="font-weight: 40