Moody's Analytics chief economist Mark Zandi warns US labor market is weakening despite strong April payrolls, citing declining labor force participation rate that masks true unemployment levels which could be 5.3% instead of reported 4.3%
#YonhapInfomax #MarkZandi #LaborMarket #UnemploymentRate #NonfarmPayrolls #ParticipationRate #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
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Mark Zandi - 'US Labor Market Is Weakening'

Moody's Analytics chief economist Mark Zandi warns US labor market is weakening despite strong April payrolls, citing declining labor force participation rate that masks true unemployment levels which could be 5.3% instead of reported 4.3%

Yonhap Infomax
Over a year after South Korea launched its digital indemnity insurance claims system, more than half of public medical institutions remain unconnected, with low participation rates especially among facilities serving vulnerable groups, despite significant government investment and incentives.
#YonhapInfomax #IndemnityInsurance #PublicMedicalInstitutions #Digitalization #ParticipationRate #KimJaeSeop #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
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One Year After Digitalization of Indemnity Insurance Claims, Over Half of Public Medical Institutions Remain Unconnected

Over a year after South Korea launched its digital indemnity insurance claims system, more than half of public medical institutions remain unconnected, with low participation rates especially among facilities serving vulnerable groups, despite significant government investment and incentives.

Yonhap Infomax

US #ParticipationRate (Jul): Actual: 62.7%, Previous: 62.6%. Slight increase in labor force participation. #USLabor #US

Private Nonfarm Payrolls (Jul): Actual: 97K, Consensus: 148K, Previous: 136K. Private sector job growth falls short of expectations. #USJobs #PrivatePayrolls

U.S. June #ParticipationRate up to 62.6%, #PrivateNonfarmPayrolls at 136K (below 160K consensus), and #U6UnemploymentRate steady at 7.4%.
On the #AverageHourlyEarnings side, we also saw better-than-expected #data on a monthly and annual basis. #ParticipationRate data, which is a supply of labor indicator, showed a very slight pullback.