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Financial Intelligence Report - 11.8.2015 Bookmark

Jobs For Who?

On Friday we got the non farm payroll report. Estimates were for a gain of 183,000 jobs. But when the number hit we didn’t print 183K jobs, we printed 271,000 blowing away even the most bullish estimates. Inside the report it was all rainbows and unicorns. We saw the unemployment rate fall to 5%, and we see wages rose an astounding 2.5%.  A better report you simply couldn’t make up!!  In fact that’s true, because they made this one up, and it was the best they could do.

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