any economists here? i remember from earlier employment data that folks kept expecting unemp rate to tick up but it never did. No one comments on that. Now it ticks up 3/10th of one percent and market seems to go crazy because of this one component of yesterdays data. Anyone quite understand this? And if it was such a shocking number, would you expect the fed to act now and not wait 25 more days until next meeting. Those are a lot of days to lose.
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