US Unemployment Drops to 7%!!

Posted by Drew Zimmerman

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The expectation in the United States was for a 185K increase, while the print was 203K. Last month’s was revised modestly lower to 200K(from 204K). The unemployment rate dropped from 7.3% all the way down to only 7.0%.

S&P 500 Futures have shot back above 1800 on the news.

 

Drew Zimmerman

Investment & Commodities/Futures Advisor

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