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Something for your Espresso: Strikes and weather contributing to the weaker payroll number

Payrolls will print soft today due to strikes and weather related events. We need a number below 50k to get the bid back in fixed income, but it’s not ruled out that we get actually such. The base-case is better than that though.
2024-11-01

Payrolls will print soft today due to strikes and weather related events. We need a number below 50k to get the bid back in fixed income, but it’s not ruled out that we get actually such. The base-case is better than that though.

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