BLSBS Disaster

In what was the worst "jobs report" in months, today's BLSBS headline number was bad enough. However, when you look inside at the Household Survey (-316,000) and the amount of full-time jobs (-253,000), the picture that emerges is even more grim. But don't worry, you're told. The Fed will soon be "raising rates" because this is just a "one-off" and an "anomaly".

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