Saturday, April 6, 2013

US Payrolls Plummet


U.S. Stock Futures Plunge as Job Data Trail Estimates
With the worst job recovery post WW2 period, we have now been hit with a payroll miss of 88k v 192k expected.

Interestingly, the unemployment rate was lower than expected at 7.6%.
Trade balance was -43.0bn vs -44.7bn and average work week awas 34.6 v 34.5 expected to round out the data.