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Sep 05 2026

The Pulse Beneath The Payroll: Recalibrating The Headline

  • Sep 5, 2026

Job growth has gone soft, yet unemployment has barely budged. Fewer jobs, but nobody’s catching the boot. In past years, low job growth would’ve sounded economic alarms. Today, it’s closer to noise. The reason for that change is worth understanding, so we developed a better metric: the Employment Diffusion Index.

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