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Payrolls

[Skip to the end] Karim writes: -533k in payrolls, and downward revisions of -199k to prior 2 mths Unemployment rate rises ‘only’ to 6.7% from 6.5% because 422k left the labor force The 2 real shockers are: Index of hours fell 0.9% for the month (after -0.4% prior mth); even adjusting for some productivity gwth, looks like real GDP in [...]
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