Sandy Falls off a Cliff as Jobs Surprise

by Ashraf Laidi

Dec 7, 2012 16:15

The impact of Hurricane Sandy on US Nov jobs was surprisingly small (NFP +146K from 138k & Unemp rate at 7.7% from 7.9%) but the extent to which business shutdowns continue into December remains to be seen. The 305K decline in the labour force and the 49K in downward revisions over prior 2 NFP months may temper the level of optimism. Charting Sandy vs Katrina & EURUSD Analysis: http://www.cityindex.co.uk/market-analysis/market-news/3334262012/nov-nfp-sandy-hits-a-cliff/ #forex #NFP

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