Positives1) Job growth in July of 255k was well above the estimate of 180k. The private sector added 217k of the jobs vs the estimate of 170k thus a key surprise was also the hiring jump within government, particularly at the local level. Government hiring has grown by 71k over the past two months vs the average of about 10k per month over the prior 12 months. The 3 …
[Read more...] about 8/5 – Succinct Summation of Week’s Events