@mitchellvii
· 27m
As usual, the ADP Jobs Report and the BLS Jobs Report are completely different. ADP beat and BLS missed. Of course, now that BLS is out, everyone will completely forget ADP and the predictions of doom will resume.
@mitchellvii
· 24m
The BLS Report for August tends to be adjusted upwards later because returning vacationers are late getting their numbers turned in.
This is actually a VERY good jobs report for Trump.
Why? It gives the Fed cover to act to lower rates. A robust BLS Report may have encouraged the Fed to stand pat.
I am surprised no one is really talking about the job growth report today on FR. Black unemployment dropped from 6 to 5.5 percent and a 130,000 gain is still impressive.