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Richmond Fed Disappoints: Employee Head Count Crashes To 7-Year Lows

It would appear the people who The Conference Board were asking about their 'confidence' were not from the Richmond fed region. A 3rd massive contraction in the last 4 months was not the worst of it as the "number of employees" subindex crashed to -13 - its lowest since June 2009. And while that looks ugly, this chart 'takes the biscuit'... But then again - it's probably nothing.
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