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[quote=Anonymous][quote=Anonymous]December jobs numbers are out: Employment continues to slow, and we added +50k jobs. The unemployment rate fell a tick to 4.4%. Revisions are brutal: October revised down -68k to -173k; November revised down -8k to +56k. Remember: The Fed thinks these numbers are overstated by 60k. A reliable gauge of the underlying job market is average job growth over the past three months. Right now, that's -22k. (And again, the Fed's Powell says that likely overstates reality for technical reasons.) We're losing jobs. Call it a jobs recession.[/quote] At this point, the initial jobs number is meaningless. The number is always revised down substantially in the subsequent months. Look at that October revision. If they are claiming December was +50k, it will probably end up -15k or worse.[/quote]
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