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09.12.2014 16:28:01

US marches on following strong jobs report - Quickview by David Harris, Head of US Multi-Sector Fixed Income.

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US marches on following strong jobs report

December 2014

David Harris, Head of US Multi-Sector Fixed Income

Latest non-farm payroll data confirms our view of steadily improving US economic performance that is largely insulated from weakness elsewhere.

Today's US jobs report was unquestionably strong and significantly exceeded expectations. The gain of 321k jobs was higher than the official survey estimate of 230k, as well as the more bullish unofficial 'whisper' number on the street of around 250k, and was the highest single month job gain total since January 2012. Moreover, upward revisions of 44k confirm the strength of the recent data. (...)

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