Everyone's looking at the 29K miss today, but the revisions are worse. July went from +21K to -10K. August lost another 29K. So the last three months average about 50K a month. That's basically flat. And the Fed hiked last month with the 30 year sitting above 5.5%. I don't see how they hike again in October on numbers like this, but inflation hasn't exactly cooperated either. What am I missing?
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