Bond yields ripped higher after new employment data showed the U.S. economy adding a breakneck 528,000 jobs in the month of July. Emily Roland, co-chief investment strategist at John Hancock Investment Management, told Yahoo Finance the strong July jobs report shows that the economy is “not there yet” when it comes to recession. Michael Pearce, senior U.S. economist at Capital Economics, was even firmer in an email following Friday’s data: “The unexpected acceleration in non-farm payroll… Source link
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