Whoa, That August Revision at 2005-11-12 20:28:49
The job report, no shock was tainted because of the hurricane although there were a couple of negatives in there for October.
The standout item was that August, not a hurricane month, was taken down to 148,000 from 211,000 job gains. That's a big chunk taken out of the last few months. The stock market seems to be shrugging this off so maybe I should too but that many job gains no longer there is not good. Perhaps of no consequence but yikes.
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