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July job gain below estimates July Nonfarm Payrolls: +209K vs. consensus +233K, +298K previous (revised from 288K). Unemployment rate: 6.2% vs. 6.1% consensus, 6.1% previous. Number not as bad as the miss may indicate. Full-time jobs were 150,000 and part-time positions were only 59,000 compared to the month of June which saw a number that beat estimates on almost entirely part-time jobs. QE still seems like a band-aid and not a real job creator to us.
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July job gain below estimates

July Nonfarm Payrolls: +209K vs. consensus +233K, +298K previous (revised from 288K).
• Unemployment rate: 6.2% vs. 6.1% consensus, 6.1% previous.
• Number …

Jobs number not as bad as most believe.

July job gain below estimates

  • July Nonfarm Payrolls: +209K vs. consensus +233K, +298K previous (revised from 288K).
  • Unemployment rate: 6.2% vs. 6.1% consensus, 6.1% previous.
  • Number not as bad as the miss may indicate.
  • Full-time jobs were 150,000 and part-time positions were only 59,000 compared to the month of June which saw a number that beat estimates on almost entirely part-time jobs. 
  • QE still seems like a band-aid and not a real job creator to us.
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