That’s the only word to describe the stinkeroo released by BLS at 8:30 am.
Non-farm payrolls grew by a mere 110,000 last month — that’s the weakest
performance since July 2004. Note that the economy requires about 150k/mo just to keep up with population growth. So this was not only weak — it was step backwards.
Revisions were also negative: January revised downward to 124,000 jobs (from 138k), while February’s data was lowered to 243,000 from 262,000.
Given yesterday’s New Unemployment Claims, I find the drop of two-tenths of a percentage point (from 5.4% in February) in Unemployment
All told, a giant stink bomb.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.