One of the key reasons payrolls exceeded the consensus was due to a 31K gain in manufacturing jobs, the first gain in 11 months. With more of these high-paying jobs in the mix, average wages were pulled higher.
More Quotes from Anthony Crescenzi:
Even though it falls outside of the survey period, it may be that an individual found a job during the survey period and so didn't have to file a claim in the following weeks, ... It tells a story about labor demand and suggests that has improved.Anthony Crescenzi
The rumor that China will devalue carries little basis in truth (for now). It seems to be largely a by-product of the devaluation of the Brazilian real.
Anthony Crescenzi
There were rumors that the Fed might cut rates today, but of course they did nothing.
Anthony Crescenzi
The Fed's about to cut rates, and they may cut more from a dearth of sellers than from a host of new buyers. Some people continue to make their bet on the possibility of a 50-basis point move. You see people buying to speculate on a larger cut...you're going to get closer to that meeting and you're going to find fewer sellers.
Anthony Crescenzi
It will reinforce what's happened recently in the debt markets, (the idea) that there's been a sharp underperformance in high-risk assets,
Anthony Crescenzi
Rubin said that it is too early to talk about a Brazil rescue plan,
Anthony Crescenzi
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Based on Keywords: high-paying, payrollsNo real blood flows in the veins of the knowing subject constructed by Locke, Hume, and Kant, but rather the diluted extract of reason as a mere activity of thought.
Wilhelm Dilthey
Bewitched is half of everything.
Nelly Sachs
I'm a straight shooter, a New York City girl. I see things as they are and call them as they are.
Elisabeth Rohm