Bloomberg Surveillance · Friday, August 7, 2026
Despite the immediate market reaction, some analysts express concern about the underlying structure of the economy, pointing to a slowing three-month moving average of job growth at 20,000 per month. This is seen as an unacceptable statistic and raises questions about the economy's ability to generate sufficient jobs.
“I got a ninety day average, a three month moving average subject to revision, of twenty thousand per month on jobs.”
“It doesn't get it done well.”
“If we have loose monetary policy and a budget deficit of six percent and this is the best we can do, I think it begs asking some questions about the underlying economy.”