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Tuesday, November 26, 2024

April Job Gains +115K, but Unemployment Rate Falls to 8.1%

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

The labor force continues its magical shrinking path, leading to ever lower unemployment rate even as job gains are quite punk.   Futures jerked down but not horribly…originally -0.5% but now -0.2%.  Expectations seemed to drop quite a bit this week.  The top of the Apple jobs gap is 1385ish area which will be important today.  QE3 continues to be in our flight path…

Participation rate 63.6%….

 

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Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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