‘One of the Weirdest Reports’: Investors React to the Jobs Data
Posted on AllSides December 3rd, 2021
From The Left
Photographer: Emily Elconin/Bloomberg
The U.S. employment report for November is a tale of two very different surveys: The establishment survey suggests employment rose just 0.1% in November, but the household survey suggests employment surged by 0.7%.
Some market watchers aren’t quite sure what to make of the data:
“One of the weirdest reports I have ever seen,” said Danny Dayan, chief investment officer at Dwd Partners.
“The yield curve should be steepening on this in a big way, but rates market participants may be too wary to try that again.”
Dennis DeBusschere of...
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