Saturday, May 7, 2016

April jobs miss estimates by 40,000, with nearly all going all new jobs going to elderly

As today’s polar opposite Wall Street paradigm extorts, bad news is good news for banks, corporations, and investors.  And with today’s massive drop in new jobs for the month of April in relation to analyst expectations, the ‘good news’ is that chances of a Fed rate hike in June have now dropped to almost zero.
But for the rest of the American people, bad news is always bad news, and underlying the 140,000 new jobs ‘created’ by the economy last month, those who need employment the most lost positions while those who need it the least, gained.

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