“One-Offs” Pump-Up Payrolls As Supply-Chain Hiring Grinds To A Halt
by Tyler Durden
ZeroHedge.com
Fri, 05/03/2019
The politicos are out crowing of the booming US economy confirmed by today’s jobs report.
Despite a worrying retracement in the participation rate:
But, as Southbay Research explains, beneath the headline figures, payrolls are slowing…
Supply Chain Hiring Grinds to a Halt, Services Takes Over
Manufacturing (+4K)
Trade & Transportation (+5K)
No surprise here, as ISM and other data was pointing to a pullback in these sectors.
Also, the jump in Construction (+33K) was called out in our forecast.
The Rest…HERE
