A swing and a miss – US job creation well below estimates - Marketintelligencecenter.com

A swing and a miss – US job creation well below estimates


Stocks are falling again this Friday morning after August’s job numbers came in well lower than expected. The US economy created only 173K nonfarm jobs, where the official consensus estimate was in the 220K to 225K range, and whispered numbers were even higher. This morning’s employment report was chock full of irony and contradiction. Starting with the Street’s major worry yesterday, that the report would blow away expectations, thereby convincing the Fed that it could raise interest rates to its heart’s content. The... Read More



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