Stronger Than Expected Employment Report Suggests Improving Economy and Risk of Higher Rates Ahead
Last Friday the Labor Department released the Employment Report for February. It was stronger than was expected. Job creations increased by 236,000, better than the 171,000 that was generally expected. The Unemployment Rate declined to 7.7%. There were some revisions to prior months, January down and December up. It was an improving report and there were cheers from Washington and from the financial press. The stock market continued to climb to new highs while the ten-year bond, the benchmark for...
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