Jeff Cox@JEFF.COX.7528@JEFFCOXCNBCCOMbs report was stronger than I expected
Boston Federal Reserve President Eric Rosengren said Friday that job creation in August represents continued improvement in the U.S. economy but a full recovery won’t happen until the coronavirus pandemic is under control,
On Friday the Labor Department reported unemployment fell to 8.4% as nonfarm payrolls rose by 13.7 million last month, in numbers that were significantly better than Wall Street expectations. The jobless rate decline was particularly pronounced, sliding 1.8 percentage points from its July level as the labor market continues to heal.
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