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NFP Big Miss: 120K, Expectations 205K, Unemployment 8.2%

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posted on Apr, 6 2012 @ 07:38 AM
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ZeroHedge


March NFP big miss at just 120K. Unemployment rate declines from 8.3% to 8.2%. Futures slide, for at least a few minutes before the NEW QE TM rumor starts spreading. And as always, as we predicted when Goldman hiked its NFP forecast yesterday from 175K to 200K, Goldie once again skewers everyone.

More shortly.


Marketwatch


The U.S. economy added 120,000 jobs in March, marking the smallest increase in five months, the government reported Friday. The number of jobs created last month fell well below expectations and failed to break the 200,000 level for the first time since December. Economists surveyed by MarketWatch expected a 210,000 increase. The unemployment rate, meanwhile, fell to 8.2% from 8.3%, mainly because more people dropped out of the labor force. The average workweek fell 0.1 hour to 34.5, while average hourly earnings rose 0.2% to $23.39. Employment gains for January and February were little changed under Labor Department revisions. Employment in March was hurt in part by a 34,000 decline in retail jobs.


Well quite a miss here and appears the Jan and Feb revisions weren't impressive either. Still UE fell to 8.2%. Will be interesting to see reactions and the Fed's reaction with consideration of QE3.

What yas reckon ATS? Expectations where some 210k and here we have a print of 120k.




posted on Apr, 6 2012 @ 08:03 AM
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the news releases are fabricated in chicago the day before the broadcast....
we will get a big boost to the dow and equities in a week.....the dollar will go down finally (been in a false decoupling this week)....and then after the dow goes up beyond all expectations....it will fall more than expected..... it's the carry trade doings!!

edit on 6-4-2012 by GBP/JPY because: Yahushua is our new King !!



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