Surveillance: Fed Cycle with Calvasina
Bloomberg Surveillance
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Is the Labor Market a Head Scratcher?
There was little to suggest that the labor market is weak in those data. We know that a lot of the jobs that have been created are part-time. So I think it was a double whammy that we had from the payrolls report on Friday and the ISM services, completely reversing out that pretty weak number previously.
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