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Epstein File EFTA01459662: Payroll (DS10)

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This document is an economic analysis or market commentary discussing U.S. payroll figures from late 2015 and early 2016 in the context of recession scenarios. The excerpt references strong payroll data that proved misleading during economic analysis. The document does not relate to Epstein-specific payroll matters and appears to be general economic commentary.

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US recession: In this scenario, strong U.S. **payroll** figures from late 2015 and early 2016 turn out to be misleading.

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