The David Lin Report · Tuesday, July 14, 2026
Peter Boockvar highlights a bifurcated labor market, with an improvement in the establishment survey but weakness in the household survey. He attributes the stagnant unemployment rate to a falling participation rate and notes that inflation remains the primary concern for the Fed.
“There's definitely not a clear trend.”
“But if you look at the household survey, which is measured differently, that's been pretty weak.”
“So there's just this weird bifurcation in the labor market with many of the jobs being mostly healthcare and social assistance.”