Ralph Fogel made a few comments on CNBC’s article about unemployment. He predicted that the employment rate will increase despite the recent loss in jobs in the ADP report. The article states; “Fogel is one who was swayed by the ADP numbers and sees a possible negative jobs number coming Friday. Even so, he thinks it may not trigger a violent reaction from a market that has been remarkably efficient at ignoring bad news. ‘The market hasn’t been listening,’ Fogel said. ‘It’s the trend over time that matters. This one is not going to change the world.”
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