“August Curse” Continues As Payrolls Miss, Rise By Only 151,000; Hourly Earnings Disappoint
by Tyler Durden
ZeroHedge.com
Sep 2, 2016
With Wall Street expecting another solid month of payroll growth, following multiple-sigma outlier prints in June and July, the whisper expectations was for a miss on the back of the previously discussed “August Curse” which has seen a consistent miss in the month of August for the past decade, and that is precisely what happened when moments ago the BLS reported that in the month of August only 151K jobs were added, missing the 180K consensus by nearly 30,000 jobs.
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