Salient to Investors:

  • Chris Rupkey at Bank of Tokyo-Mitsubishi UFJ said we cannot keep getting payroll numbers like these and not admit that the labor market has healed. Rupkey said states with higher unemployment are seeing steep declines, and big-number declines equal big progress on putting America back to work.
  • BLS said state payroll figures are subject to larger sampling errors thus making the national figures more reliable.

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