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Jakobsen: Why Non Farm Payrolls don't work for me

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Why do markets consider the monthly Non Farm Payroll data, the US employment figures, to be the gold standard of economic information? After all the numbers rely largely on anecdotal evidence gathered by survey and are often subject to revision.

Saxo Bank's Chief Economist Steen Jakobsen explains why he takes a cautious view of the monthly NFP updates and what other measures of the US economy he also looks at in the search for a more accurate picture.