Under The Hood Of The November Jobs Report

Under The Hood Of The November Jobs Report

Apparently, November's US jobs report admitted of "too many takeaways" to quickly process. That was one strategist's assessment, as communicated to Bloomberg on Friday morning. There were quite a few notables, but the overarching takeaway was clear enough: The underwhelming headline print was mitigated by an uptick in participation, a drop in the unemployment rate and, to a lesser extent, upward revisions to the previous two months. The Fed will take it. To the extent policymakers are inclined
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