# The Bad First Draft That Moves Billions

Page: https://stenobird.com/podcast/ceo-daily-brief-with-dr-jessica-kriegel-6756640/the-bad-first-draft-that-moves-billions
Text version: https://stenobird.com/podcast/ceo-daily-brief-with-dr-jessica-kriegel-6756640/the-bad-first-draft-that-moves-billions.md
Podcast: [CEO Daily Brief with Dr. Jessica Kriegel](https://stenobird.com/podcast/ceo-daily-brief-with-dr-jessica-kriegel-6756640)
Published: 2026-09-15T09:20:00+00:00
Episode link: https://traffic.megaphone.fm/TENTWT9586017597.mp3
Audio file: https://traffic.megaphone.fm/TENTWT9586017597.mp3
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JSON: https://stenobird.com/v1/public/podcasts/ceo-daily-brief-with-dr-jessica-kriegel-6756640/episodes/the-bad-first-draft-that-moves-billions
Duration seconds: 435

## Resource

In today's episode: A number that moves markets every single month turns out to be built on a shakier foundation than most people realize, and it's wrong by design. There's a specific reason unemployment might actually be a full point higher than what's being reported. A clever alternative to the official jobs report is tracking a much better signal, but even that comes with a catch. CEO Daily Brief with Dr. Jessica Kriegel is a 5-minute daily podcast where business pragmatism meets inner wisdom. John Frehse, Global Head of Labor Strategies at Ankura, joins Jessica to explain why the monthly jobs report is essentially a rough draft prone to major revisions, and why CEOs might be reacting to numbers that aren't even close to accurate. Connect with Dr. Jessica Kriegel on LinkedIn Connect with John Frehse on LinkedIn Other Ways to Connect: Jessica Kriegel Website Jessica Kriegel Instagram Jessica Kriegel Newsletter Culture Partners Website Culture Partners LinkedIn

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## Transcript

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