Closing Summary

04:56 PM EDT, 11/01/2024 — US equity indexes fell this week after mixed results from Big Tech firms and amid soaring government bond yields as investors weighed the inflation and nonfarm payrolls data ahead of presidential elections. * The Dow Jones Industrial Average ended at 42,052.19 on Friday, compared with 42,114.40 a week ago. The …

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The Evolution Payroll Seasonality

The Evolution Payroll Seasonality In last week’s employment report September nonfarm payroll employment increased 254k (223k private), well above the trailing three-month average of 140k (103k private), which raised discussion on the seasonal adjustment. First, there have been questions whether the seasonal factor for September was unusually supportive compared to prior years, which we don’t …

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