💼🇺🇸U.S. Jobs Post Second Consecutive Downside Surprise: Cable FX Macro
- Rosbel Durán
- Sep 8, 2024
- 1 min read
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Headline jobs rebounded in August to 142K, however, prior months' revisions left the July print at a surprisingly low 89K. The six-month job addition average prior to the pandemic revolved closer to 200K
Economists' expectations for a down tick in the jobless rate materialized in August to 4.2%
August saw the second consecutive downside surprise in the jobs report
Leisure and hospitality added the most jobs since March at 46k, education added 47K jobs, manufacturing contracted 24K. Information posted a second consecutive monthly decline at -7K
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