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Aggregate US jobs data still points to a Q2 slowdown not a recovery

Posted on 05 May 2013 with no comments from readers

Add all the recent data on US jobs together and you still get a clear downtrend for the second quarter, and this has always been a good predictor of the direction of GDP in the past. So why the sudden pop in stocks last week on the slightly better than expected jobs number?

Nomura Securities senior US economist Ellen Zentner and Bloomberg’s Adam Johnson look at the real jobs story on Bloomberg Television’s ‘Street Smart’…

Posted on 05 May 2013 Categories: Banking & Finance, Bond Markets, Global Economics, Hedge Funds, Investment Gurus, Sovereign Wealth Funds, US Stocks, Video Channel

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