Years from now, new benchmark revisions will come along and change the whole picture again -- which begs the question of how important these monthly payroll changes are. I think it's irresponsible to make too much of these reports. |
[By his lights it didn't make sense that stocks were unable to hold onto most of their gains Tuesday, finishing the day roughly flat after a jump early on.] The reaction to this data in the past would have been much more positive, ... These days only bad news is carrying weight. |