TSP Talk Blog

Nonfarm payrolls rose by 943,000 in July, better than the 845,000 Dow Jones estimate.

The unemployment rate fell to 5.4%

The labor force participation rate ticked up to 61.7%.

Well, that's one way for investors to position themselves for Friday's important jobs report. We saw strong gains across the board on Thursday, particularly in small caps, which have been very volatile lately. The Dow gained 272-points and the back and forth continued as the Dow has not had back to back gains in two weeks. Bonds were down, the dollar was flat and despite a modest gain in oil yesterday, we've seen economically sensitive commodities deteriorate in price in recent weeks.
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