Payrolls Reaction – Wow!!!!! Authored by Peter Tchir via Academy Securities, Trying to break this report down on live TV was quite easy. Everything pointed to strength. Total jobs great! The beat was entirely in the private sector, which is where we want to see the jobs created. UPWARD revisions. A substantial positive revision is good. I think it helps confirm my view that the BLS has adjusted their models and aren’t consistently overstating jobs like they were. I continue to believe seasonal adjustments are off. Overstating winter jobs and understating summer jobs. This report seems consistent with that. Upward… — Continue at ZeroHedge News : Read More
