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« Will Deutsche Bank Survive This Wave Of Trouble Or Will It Become The Next Lehman Brothers? | Main | Italy Granted "Extraordinary " €150BN Bank Bailout Program To Prevent "Panic, Run On Deposits" »
Sunday
Jul032016

Goldilocks jobs report for June would be ‘just right’

 

Not too hot, not too cold report would soothe markets after Brexit

If there was ever a time for a Goldilocks-style U.S. jobs report, now is it.

Investors and Federal Reserve honchos would like to see a rebound in job creation in June, but after the unsettling U.K. vote to leave the European Union, they’d prefer a employment report that’s not too hot and not too cold.

In other words, just right.

For June, “just right” looks to be around 175,000 to 200,000 new jobs. Such a gain would reflect a marked improvement upon tepid employment gains of 38,000 in May and 123,000 in April. The U.S. added an average of 81,000 jobs a month from March to May, the weakest three-month stretch since 2010.

A just-right jobs report would offer more evidence that the economy has recovered from an early-year swoon, but it would not be so strong as to put more pressure on the Fed to raise U.S. interest rates so soon after the “Brexit” vote.

read more...

A poor jobs report this week will increase the talk about QE which will weaken the USD and boost gold and silver

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