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Non Farm Payrolls Faux Headline Number Is Misleading

The seasonally adjusted nonfarm payrolls headline number for jobs added in August was 142,000.  The consensus guesstimate of Wall Street economists had been for a gain of 223,000. Traders took the “miss” as bullish. There’s just one problem. The impression given by the headline number is wrong. The actual, unadjusted jobs count was right on trend. … Continue reading Non Farm Payrolls Faux Headline Number Is Misleading