MUFG chief financial economist........>

US DATA REACT: MUFG chief financial economist Chris Rupkey quipped of strong

July jobs report, "Two in a row, go jobs, go; game on for the Fed: another rate

hike this year?" He added, "Who would have thought it: none of the other

indicators really suggested another 200K payroll jobs today, besides consumers

saying jobs are plentiful, but it's here and it's real and not fake news."

- He added that "3 out of the last 4 months now printed 200K jobs numbers. So

much for Fed forecasts that jobs growth was going to slow because the economy

hits the wall of full employment. There is a shortage of skilled labor, but

someone is getting hired: 2.2 million more payroll jobs over the last year, half

Obama's and half Trumps; July 209K, June 231K, May 145K, Apr 207K. And those

manufacturing jobs are coming back from overseas, somehow or other: 12K more in

June and 16K more in July. Fabricated metal products, Machinery, and

Transportation equipment."