Anyone Surprised? Employment Weak, Gov't Employment Gaining Strength
Last month we reported that the 203K employment growth figure shown last month was more of a peak than the beginning of a liftoff for the U.S. labor market.
Based upon this forecast, it comes as no surprise that January’s employment report – up 74K over the prior month – is sharply below what simple moving-average-type analysts thought would happen.
At the same time of the weakening . . .
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