Jobs Report Was Brutal
And the magic number is -- Net loss of 4,000 jobs, and the previous months were revised lower.
Payroll employment over the past three months has grown by just 44,000 jobs, compared to job growth of 147,000 in the first five months of this year.
Gold is surging on the news. Why? Because this data makes it easier for the Fed to cut rates, which feeds inflation fears.
Payroll employment over the past three months has grown by just 44,000 jobs, compared to job growth of 147,000 in the first five months of this year.
Gold is surging on the news. Why? Because this data makes it easier for the Fed to cut rates, which feeds inflation fears.
Labels: economy
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posted by Sean Brodrick @ 8:30 AM
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