Bank of Tokyo-Mitsubishi UFJ..........>

US DATA REACT: Bank of Tokyo-Mitsubishi UFJ economist Chris Rupkey quipped on

Sept. jobs that "the biggest economic news report in the world, maybe next to

China PMI data perhaps, disappoints all three Wall Street veterans in work today

before the Labor Day holiday weekend. Those consistent 200K monthly jobs reports

we were expecting have simply melted away. We thought 200K jobs today for August

was possible, after June's 231K and July's 209K. Three big ones in a row. But

this was not to be with: August 156K, July 189K and June 210K." He adds that "we

can't even blame Hurricane Harvey as the Bureau of Labor Statistics says the

payroll jobs data count was "largely completed before the storm." Just wait for

next month."

- He called it a "paltry 156K" Aug. jobs gain "but you know what? No one cares.

The Fed has sucked all the uncertainty out of the rates forecast anyway with its

extended guidance for the path of rates over the next couple of years ending way

out there in December 2019."