Another Friday BLSBS | TF Metals report

The long-awaited August jobs report is underway and shows a continuation of the worsening trend of the past several months (and years). Was it enough to make Jerry panic into a fed funds rate cut of 50 basis points in two weeks? May be.

But never mind that, that was another terrible report. The total number of new “jobs” was below expectations, although the unemployment rate fell by a tick, as expected…