UBS' Paul Donovan Daily Audio: Revisions, resilience, and affordability

UBS' Paul Donovan says in his daily audio that the US jobs report offered little reliable information for investors, other than a reminder that employment data is often significantly revised. The revised data shows a weaker employment picture than previously thought, with real wage growth adjusted for inflation near zero, and likely negative when adjusted for perceived inflation, which may further reinforce the affordability crisis.