Reality Check – Jobs We published Weak Jobs Data ahead of the NFP release, in case the NFP turned out to be surprisingly good (who knows, with this data). We could have saved some time by not digging through ISM Employment, JOLTS Openings and Quits, ADP, or the soon to be released revisions to Q2 2024 to Q1 2025 numbers, since the NFP report was weak across the board. We always like to look for “inconsistencies” within this report. Things that are either inconsistent in the report itself, or relative to other data. This basically just reinforced and confirmed the ... Reality Checks