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Eric Green, chief economist at TD Securities, said the jobs scene was stronger than portrayed by the report because a sharp increase in jobs reported by employers during the month was revised down by the department using seasonal adjustment factors that anticipated an even bigger increase in jobs.
"The trend is still very, very positive. I would not want to over-read this as a sign of weakness," he said. "The headline looks to be quite weak, but I would not rush to judgment and suggest that this is a disaster."