November 06, 2020 at 01:30PM
US October non-farm payrolls 638K vs 580K expected
Highlights of the October 2020 non-farm payrolls report:
Unemployment falling by a full point with a 0.3 pp rise in participation is wildly impressive.
Everything about this report is impressive. You would expect a stumble at some point but it never comes. The proxies for this report were weak but there’s nothing like that in the data.