The US jobs data is in, and boy oh boy, what a disaster in Non-Farm Payrolls. The most closely watched metric in today’s report came in at 20,000 jobs created. (I know what you’re thinking, and no, there isn’t a zero missing.) The job creation statistic is the worst reading in over a year and down a staggering 291,000 jobs from last month’s revised figure. Naturally, this prompted a sell-off in stocks that were already under pressure, with the S&P 500, Nasdaq, and Dow Jones posting sharp losses. Dismal Jobs Data Batters US Stock Market The report was definitely not
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