Amid a wide range of sellside estimates, and a whisper number that was either too high or too low depending on whom you asked, moments ago the BLS reported that in August, the number of payrolls was almost unexpectedly in line with consensus expectations: according to the August jobs report, some 1.371MM payrolls were created, essentially on top of the 1.35MM expected.
I KNEW if we tried hard enough we would find some common ground we could agree on. … and praise the Lord….just like that….it HAPPENED. My prayers have been answered! ;o)