Responses to the NFP report from various banks are incoming - here is RBC and Credit Suisse:
RBC:
- "even if this number were clean (it is not!) this would merely represent a blip in an otherwise relentlessly robust employment backdrop. Let's not forget that the pipeline for hiring remains at cycle highs with job openings sitting near 5 million"
RBC also point out that earnings were better
Credit Suisse:
- "A clear cut disappointment in payrolls (but)... were long overdue for even a random hiccup"
(Bolding is mine)
More reactions:
- From Goldman Sachs
- From Citi
- From BNP
- From BoA/Merrill Lynch
- From UBS and Morgan Stanley
- From Barclays
- From RBC and Credit Suisse
- From CIBC
Note: Adam had earlier reactions here: Seven economists reactions to nonfarm payrolls
