The Fed’s Jobs Friday Nightmare

So here’s what “strong” looks like with respect to the labor market. Apparently. The July nonfarm payroll (NFP) print this morning was 152,536,000, which, with the aid of a magnifying glass, we can compare to the pre-Covid figure of 152,504,000 posted in February 2020. So that microscopic gain of 32,000 computes to just 1,067 net […]
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