POLITICS
"Great Job Numbers" Trump Booms As Payrolls Soar By Record 4.8 Million, Crushing Expectations
POLITICS

"Great Job Numbers" Trump Booms As Payrolls Soar By Record 4.8 Million, Crushing Expectations

Published: July 2, 2020  |  5 min read, 1015 words
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In our preview of , we remarked that the only thing that was certain about the June payrolls number is just how uncertain it was: dropping the top and bottom 10% of payrolls forecasts still leaves a range of 1.65-5.00 million jobs, "an extremely wide band that reflects the multiplicity of shocks hitting US labor markets", according to Steven Englander. Art Cashin echoed just how much confusion there was by noting that "most traders are somewhat sceptical of all payroll data, feeling that the sharp reopenings and then reopening rollbacks have distorted the data."So with much confusion out... READ MORE
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