Oct

5

The first two bearish economists I've seen said this morning's data "only look strong," and that the deeply obscure metrics (one of the diffusion indicies, for instance) tell a tale of ongoing weakness.

Yeah, a lot of this was unwinding the big miss on Government payrolls last month, but given the amazing noise generated by the August market debacle, it's telling that more than half a million folks chose to enter the workforce in September, and 463,000 of them got jobs.


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