Friday, August 07, 2009

Data Show Better Than Expected Situation In US Job Market

Reaction by selected bank analysts at:

Nomura
BNP Paribas
Citigroup

And here is the first page of the note by Stephen Gallagher at Societe Generale, click to enlarge.


So, probably, not so dark at all? Still bad ... but a chance of less bad than expected?
WSJ Real Time Economics has an opinion, why did the unemployment rate drop?
Gigantic error of pessimism?

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