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Measuring a Miss

US OUTLOOK/OPINION

Bbg's whisper est for Sep NFP has risen to +535k this morning from +488k early Thu. Measuring a miss -- at what point would expectations of a taper annc this November get stalled?

  • One sell-side desk estimates +200k as the threshold below which a taper annc gets pushed to later date. Keep in mind, however, expectations of a up-revision for Aug that showed +235k, likely to mitigate a downside miss somewhat.

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