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Here’s what 5 Wall Street strategists are saying about November’s weak jobs report

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Summary List Placement

  • November’s jobs report showed signs of a slowing labor market as the US added 245,000 nonfarm payrolls, which lagged the consensus estimate of 460,000. The unemployment rate fell to 6.7% from 6.9% and met forecasts. 
  • Several Wall Street economists have pointed out that the unemployment rate fell for the “wrong reasons,” and reflects a drop in the labor force participation rate rather than an increase in household employment. 
  • Many also see these numbers as an indication that the next round of stimulus is urgently needed. 
  • From Goldman’s chief economist to BlackRock’s bond chief, here’s what Wall Street is details ⇒

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