Everyone has heard the phrase “this is the most important jobs report ever”, and virtually every time this has been an exaggeration. However according to an analysis conducted by BofA’s Vadim Iaralov, the nonfarm payrolls report on December 4 (a day after the just as critical ECB announcement, but more importantly 12 days before the Fed’s “historic” December 16 “rate-hike” announcement) may just indeed be the most important jobs number. Ever.
Here is why, according to Bank of America: