It is US employment report Friday. US non-farm payrolls data are derived from a survey. Fewer than 43% of companies answer the survey-normal companies cannot be bothered. Markets are salivating about a survey of the weird. It is also doubtful whether employment data fully reflects the explosion of side hustles and business startups. Nowhere in the employment report does “TikTok content creator” appear as a job. In the US and elsewhere, there are three major labor market trends that matter to markets.