The Bad News That Never Comes

Other data points suggested soft employment and they contradicted the BLS.

PRE-OPEN MARKET COMMENTS THURSDAY - Given the rise in initial jobless claims during the last month, the weak ADP report and the Challenger Gray & Christmas layoffs report analysts were expecting a decline in job growth. This morning the BLS reported that 147K jobs were created during the month of June. The previous two months were revised upward by 15K and hourly wages only increased .2%. Both of those data points are bullish.

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