employmentreport
April’s US Employment Report Badly Misses Market Consensus Expectations Q1 2021 hedge fund letters, conferences and more Jeoff Hall, Managing Economist, Refinitiv IFR continues: A Series Of Disappointments“The April Employment Situation Report was a series of disappointments and IFR Markets assigns it a grade of C-minus. Total nonfarm payroll employment rose by 266,000 in April, badly missing the market consensus expectation of a 978k advance. Only three of the top 10 forecasters in the Reuters weekly economist poll had NFP growth estimates of below one million, but none were below 850k. The r...
ValueWalk
March’s US Employment Report Surpasses Top-Line Job Growth Consensus Expectations [soros] Q4 2020 hedge fund letters, conferences and more Jeoff Hall, Managing Economist, Refinitiv IFR comments: March Employment Report Receives An A Grade“We’re giving the March Employment Situation Report an A grade for several reasons, mostly because top-line job growth of 916k was more than 40% higher than the market consensus expectation of +647k. Private job growth of 780k was about 35% above expectations of +575k. What’s more, the Labor Department revised February payrolls higher to +468k total and +558k ...
ValueWalk
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