Home > Unemployment > NFP Huge Miss At 69,000 On Expectations Of 150,000; Unemployment Rate 8.2%

NFP Huge Miss At 69,000 On Expectations Of 150,000; Unemployment Rate 8.2%

“And we have NEW QE liftoff, just as we predicted yesterday: “That the ADP would miss today’s expectations of 150K is no surprise: after all as we have been explaining for a while, the only way the Fed will have a green light to proceed with NEW QE if it so chooses at the June 19-20 meeting, is if the economic data suddenly turn horrendous. Which means tomorrow’s NFP data is make or break: in fact, as far as markets are concerned, the worse the better – should a -1,000,000 NFP print come in, stocks will soar.” It may take a little while for the realization to soak in. The actual number of +69,000 was a massive miss to both the expectation of 150,-00, and the whisper number 100,000, and a drop from the massively revised April 77K, which was 115K before. Just a total disaster for Obama who has decided to sacrifice the perception of the economy just so he can boost the stock market.”

Via Zero Hedge

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