Treasury yields and the Dollar tumbled while equity futures rallied on the August jobs report that showed more cooling than expected. This report was close to Goldilocks with slowing in employment with a 2023 average monthly gain of 236k versus 399k for 2022. The unemployment rate jumped, due to a big surge in the labor force. The y/y earnings clip downshifted.
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Andria Pichidi
Market Analyst
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