13
Oct
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The headline on the payrolls report was less than what the consensus forecast said it should be(+185,000) Some folks, who did not look at this chart or one like it, interpreted the news as weak. Those of us who know how to read an employment report, factored in the revisions and saw, as the note below indicates, that the actual number was better than what the consensus forecast said it would be.

So, our advice, once again, is read all the way through the revisions before you try to figure what the latest payroll numbers mean.

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