March Jobs Report – Millions Missing From The Roles – Investment Watch
Recently, the March jobs report showed a whopping 916,000 new jobs. Interestingly, there were some anomalies in the data and millions missing from the official count. As shown, there has been a substantial reduction in the unemployment rate back to 6%. Historically, an unemployment rate of 5% was considered “full employment.” However, for the Federal Reserve to have “cover” to continue current monetary interventions, a new standard has been set at the previous lows of 3.8%. The reality is there is a multitude of problems with how the entire series is “guessed at.” As note...
Source: investmentwatchblog.com