Shocking New Jobs Report (Crash Prediction)
The April Jobs Report just dropped and it shocked everyone from economists to investors. What it revealed was pretty clear, the labor market is slowing. Before its release, Wall Street analysts had expected that the US would add around 240,000 jobs in April. The number that came out today showed 175,000 were added meaning that the mark was missed by 27%. This sent shockwaves throughout the industry. Unemployment also jumped to 3.9%. Now instead of the market falling as you would think happens when we see job creation declining, and unemployment going up, the SP500 actually jumped by 1.23% soaring 500 points. Why? Well as sad as this sounds, Wall Street actually enjoys these facts.
CNBC Clip
• Fed will be happy with jobs report wh...
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