Good News! Non-farm payrolls increase by 165,000 and the unemployment rate declined to 7.5%.
Bad News! It had to be helped by a 193,000 increase due to the BLS Birth/Death adjustment. That is a net LOSS of 28,000 jobs! And 9.55 million Americans have given up looking for work. Not to mention 89,936,000 NOT in the labor force.
Read more: http://confoundedinterest.wordpress.com/2013/05/03/unemployment-declines-treasury-yields-rise-and-homebuilders-go-wild/
Bad News! It had to be helped by a 193,000 increase due to the BLS Birth/Death adjustment. That is a net LOSS of 28,000 jobs! And 9.55 million Americans have given up looking for work. Not to mention 89,936,000 NOT in the labor force.
Read more: http://confoundedinterest.wordpress.com/2013/05/03/unemployment-declines-treasury-yields-rise-and-homebuilders-go-wild/
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