Zero Hedge: After today’s shocking retaliation by China, which hiked tariffs on US goods by 34%, the jobs report was an afterthought. To be honest, it would have been an asymmetric afterhought any way, as any upside would have been viewed as stale and not reflecting the new tariff reality, while any miss would have cemented the recession case. And while the market is certainly far more focused on the ongoing trade war, in the end, the March jobs report ended up being far stronger than expected, as the US added a whopping 228K jobs, the highest since December and more than double the 117K in February (revised lower from 151K)… MORE
4 Comments on US Payrolls Unexpectedly Soar To 228K, Above Highest Estimate
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President Trump was right again.
Too soon?
DOGE needs to fire those doing the jobs report. How come they always miss and have to revise?
Anon – With apologies to Disraeli…”There are three kinds of lies: lies, damn lies, and (government) statistics.” – Benjamin Disraeli (also attributed to Mark Twain, Ben Franklin and others). THEY LIE TO MAKE THE ADMINISTRATION LOOK GOOD. We’ll have to see what they do going forward.
The bigger problem is with the rigged/corrupt stock market. So a good jobs number means the Fed probably WON’T lower interest rates and the heroin addicts desperately need their “juice.” So while you and I look at economic numbers like these as GREAT, the traders don’t because American big business runs on DEBT rather than on production, profits, etc. Just part of the screwed up world we live in. Abolish the Federal Reserve, restore sound money (backed by PMs, etc), allow the free market to set interest rates (the PRICE of money), and things will get back to some degree of normal. Short of that, expect nothing to really change.