September US Jobs Report Receives ‘B’ Letter Grade
September 2020 US Jobs report receives an ‘B’ letter grade as analyzed by Jeoff Hall, Managing Economist, Refinitiv IFR and he summarizes why our unemployment scenario seems overly optimistic.Q2 2020 hedge fund letters, conferences and moreSeptember US Jobs Report Receives 'B' GradeJeoff Hall, Managing Economist, Refinitiv IFR, comments:According to the Employment Situation Report for September, private nonfarm payrolls rose 877k, slightly surpassing the market consensus forecast of 850k. The official unemployment rate fell 0.5-pp to 7.9%, well below the market consensus estimate of 8.2%. Aver...