Unpacking The 'AI Vs Real Economy' Narrative

Authored by Nohshad Shah via Citadel Securities,

THE US LABOUR MARKET IS BEGINNING TO CATCH UP WITH THE GROWTH OUTLOOK...

...that was the clear signal from this week’s jobs report. Nonfarm payrolls rose +130k, well above expectations (+68k), while the unemployment rate fell below 4.3% (4.28% unrounded).