'Bullish' takeaways from US jobs data

Very briefly here

The jobs numbers coming out the US today are emblematic of the re-opening recovery that has fuelled the rally in US equity markets. Payrolls rose by 4.8 million in June, adding to the upwardly revised 2.7 million on May. That lowers the unemployment level to 11.1% (12.1% if you include misclassified workers in the report's footnotes). A…