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Major Payrolls Shock Less Likely If Past Is Precedent

Business December 06, 2024

Bigger surprises in payrolls tend to be associated with a wider range in the Bloomberg survey ahead of the data.

The range for today’s release is relatively small which would mean the size of the payrolls surprise will be small relative to the median estimate, if the historical pattern holds.

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Authored by Tyler Durden via ZeroHedge December 6th 2024

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