Scoreboard: Consumer clues

US jobs figures increased the likelihood tapering will be pushed into 2014, while today’s retail sales may boost the case for a rate cut.

I’m always surprised when I read reports on US jobs figures. The consensus is that somehow the 162,000 jobs that were created in July is soft or a weak figure – tepid, even. This, quite simply, is not true. The report taken in its totality shows a further decent improvement in the labour market.

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