UBS on US jobs markets – nothing to stop the Fed from tapering

In brief:
employment report was a reminder of two key points in the pandemic data cycle: 
  • watch the revisions
  • and downplay seasonal adjustments
Data keeps being revised stronger, and nothing is seasonally normal this year. 
The conclusion of the overall employment situation is that there is nothing to stop the Federal Reserve from scaling back its bond purchases
Bolding is mine.
Noting this from UBS analysts on last Friday's US Nonfarm payroll data.
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