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Mike Roberts

Your question near the end was exactly what I was thinking of as I was reading through. How can the jobs report, apparently, be so good when oil consumption is falling? I wonder what the answer is. I checked shadowstats and they had the overall unemployment rate rising. I checked Gallup and they have the headline rate edging up, not down. Here is the Gallup link:


On oil prices, it looks like Brent went up as WTI went down (in the last days of the week), increasing the spread, which had dipped below $10, at one point in the last week or two. It's now over $16.

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