U.S. Payrolls Could Have Been Up About 240,000, Greenlaw Says
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Government efforts to smooth U.S. payroll changes from month to month may have masked an even bigger gain in October than the 151,000 reported today, according to Morgan Stanley’s David Greenlaw.
“This number today could have been 240,000,” Greenlaw, the investment bank’s chief fixed-income economist in New York, said in an interview. “Today’s report is a very positive signal and an indication that we are heading in the right direction.”