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July Payrolls Beat Expectations Rising 943,000 As Unemployment Rate Tumbles

Posted by ipso facto @ 8:37 on August 6, 2021  

With consensus expectations calling for a July payrolls print of 858K and whisper numbers starting at 1 million and rising (and Goldman going so far as expecting 1.175MM), moments ago the BLS reported that in July payrolls came in at a goldilocks 943K, comfortably beating the consensus but below a print that could be considered a clear trigger for “substantial progress” although likely sufficient for the Fed to signal the start of tapering at Jackson Hole.

https://www.zerohedge.com/markets/july-payrolls-beat-expectations-rising-943000-unemployment-rate-tumbles

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.