By News on the Net -- Zero Hedge—— Bio and Archives--April 6, 2024
First things first: unlike the last two months when both the January and February jobs prints were beyond ridiculously manipulated and goalseeked to pass a terrible number as a strong one, the March print was not a complete disaster.
To be sure, superficially the March report was another artificially goalseeked blowout that guaranteed it would have zero credibility: with 303K payrolls added which was a 4 sigma beat to the median estimate of 214K and above the highest Wall Street forecast. There is just one problem: the number of multiple-sigma beats in recent months has been so high, the entire concept of "beats" has become laughable. ---More...
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