JPMorgan Chase: Pay attention to changes in U.S. private sector employment

BlockBeats news, on October 4, Michael Feroli, chief US economist at JPMorgan Chase, emphasized the change in US private sector employment before the non-farm payrolls. The three-month average increase in this indicator is only 96,000. He pointed out that even by the standards of the US's weak recovery from the global financial crisis, this increase is "insignificant." In fact, the average from 2010 to 2013 was 171,000. (Jinshi)