U.S. Economy – Modest Job Gain

 In Fishkind Commentaries

The big news this week was the surprisingly weak August employment report. A stronger gain was expected given rising manufacturing activity, a surging nonmanufacturing service report, and lower unemployment insurance claims. Not only did payroll gains disappoint, but the downward revisions to the last two months shifted the recent trend downward, so the weakness was not isolated to only one.

Click here to review the (PDF) forecast in its entirety.

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