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Nonfarm Payrolls +192,000, Unemployment Rate Steady at 6.7%; Economy Poised to Accelerate? - Mish - Global Economic Analysis

If most of these reported new jobs do not pay a living wage (and they don't), and new forced healthcare costs and rapidly rising food and energy prices are subtracted from weakening income, how can this possibly be a "solid" jobs report. This jobs report does report happy numbers of employed but is actually hard evidence of a slowly unfolding economic disaster for most American families and especially new workers, most of whom are already highly in debt. Consumer spending will continue to tank as a result, except for the spending of super rich and those who cater to them. Such economic circumstances historically always lead to major economic and then political change, and sooner rather than later if the trends continue.

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Beginning of the headline :Initial Reaction Nonfarm Payrolls rose by 192,000 nearly matching the Bloomberg Consensus expectation of 200,000. Revisions to January and February added another 37,000 jobs. Private employment, which excludes government jobs, surpassed the pre-recession peak for the first time. Beneath the surface, this was a solid report for a change as the household survey shows a strong gain in employment of 476,000. March BLS Jobs Statistics at a Glance Nonfarm Payroll: +192,000 - Establishment Surv... Read More

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