Whoa, That August Revision

The job report, no shock was tainted because of the hurricane although there were a couple of negatives in there for October.

The standout item was that August, not a hurricane month, was taken down to 148,000 from 211,000 job gains. That's a big chunk taken out of the last few months. The stock market seems to be shrugging this off so maybe I should too but that many job gains no longer there is not good. Perhaps of no consequence but yikes.