Friday, April 6, 2012

Huge Miss: NFP Prints at 120k

  • NFP 120k on expectations of 205k
  • Unemployment 8.2%
  • Birth Death model added 90k
  • 167k dropped off of unemployment list (no longer counted in jobs market) meaning actual number was -137k

Look for the MSM to suddenly begin reporting a deterioration in the economy as the Fed needs an excuse for the QE3 announcement.