A Stinker of a Jobs Report
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It’s probably a good thing that financial markets are closed today in
observance of the Good Friday holiday as today’s big jobs report miss would
no doubt have sent traders into a frenzy of some sort, direction of markets
unknown. Now they’ll have the long Easter weekend to think about the
implications of the data shown below via this story
at CNN/Money.
 
In addition to falling well short of the consensus estimate of nearly a
quarter million new jobs, prior months’ labor market gains were revised
downward by 69,000. Also, it’s important to remember employment is a lagging
indicator that, now, may be confirming what many other indicators are
pointing to – sharply slower growth for the U.S. economy.
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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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