Gap Up to S&P 1100 Locked and Loaded as Employment Picture Weakens Less than Expected
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I won't go into too many of the particulars because this is such a convoluted report but private sector payrolls in August gained 67,000 versus expectations of around 40,000. (the broader number is skewed by losses in census workers so not worth mentioning) This is higher than ADP's -10K but of course ADP does not have the benefit of "creating" tens of thousands of birth death model jobs.
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