Insights

This morning’s Unemployment Report was a shocker!  The 73,000 July figure was disappointing as 110,000 was expected, but it was hardly a market mover in and of itself.  The big negative market reaction was for the revisions to the previous two months.  May was revised down from 144,000 to 19,000, and June from 147,000 down to 14,000.  Those were MASSIVE revisions!