Big miss. I saw someone dub this as the most important jobs report in 8 years. A bit of an overstretch because that person will probably next say, "We'll have to see what next month' report brings."
Fiscal stimulus is not transferring over to job creation and jobs is really the Fed's mandate. I'd also argue many will never enter the job market again as long as Universal Basic Income remains on the docket.
What happens when the moratorium on rent expires? Will it ever expire? Nobody knows, and in the wacky world of stock markets, even knowing information ahead of time doesn't really matter. Stocks can beat and drop (AAPL) and bad unemployment can be construed as good while good numbers can be bad (less stimulus).
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