Payrolls Miss Huge: April Jobs Rose Only 160K, Below 200K Expected; Unemployment Rate At 5%
by Tyler Durden
ZeroHedge.com
05/06/2016
It appears that the Fed is now officially “one and done” because the only indicator that until recently “confirmed” a “strong recovery”, non-farm payrolls, just had a major stumble.
In yet another Goldman jinx which just two days ago boosted its payrolls forecast from 225K to 240K, moments ago the BLS reported that ADP’s ominous print was right when it said that April payrolls rose only 160K, far below the 200K expected, and higher than just 1 of 92 economist expectations. This was the lowest print since last September’s 145K.
The Rest…HERE
