Labor Economy Far From Healthy Requiring Fiscal Stimulus
Jeoff Hall, Managing Economist, Refinitiv IFR analyzes October’s US Jobs report below by providing data-driven insights into the current state of US labor economy.Q3 2020 hedge fund letters, conferences and moreOCTOBER: US Labor Economy Far From Healthy Requiring Fiscal StimulusJeoff Hall, Managing Economist, Refinitiv IFR comments:“Total nonfarm payroll employment rose by 638,000 in October, in line with the market consensus expectation (+600k) but on its own the worst month for net job creation since starting the recovery from April’s 20.787 mn loss. If we look at just the private sector, ho...