Payrolls Preview: Brace For Disappointment (But Expect The Fed To Shrug It Off)

As we noted earlier, August Non-farm Payrolls have been weaker than consensus expectations in each of the last 5 years and in 14 of the last 18 years of available data.
Note: This data compares the initial data print with the consensus expectations at the time of the print.
And furthermore, going back 25 years, no month has produced less jobs than August…

This post was published at Zero Hedge on Sep 2, 2016.