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Poor Jobs Data; Secret Agreement To Manage USD

Poor Jobs Data; Secret Agreement To Manage USD

4 Years ago | June 05, 2016 00:00:00

John M. Bland, MBA

Weak Jobs Report
Markets were blindsided Friday by the much weaker than forecast +38K increase in Non-farm payrolls. Analysts had been looking for net increase in jobs on the order of +160K after adjusting for a loss of roughly 35K due to the now ended Verizon strike. Government officials were out in force following the data trying to explain the report, but had no special factors to cite that would have explained the unexpected miss. Markets have taken a June Fed rate hike off the table and lowered the odd

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