Quantcast

UNEMPLOYMENT RATE 7.6%... Labor force at 63.3%, lowest since 1979...

 AP

AP

So much for "open-ended QE driven recovery". Moments ago the March Non-farm payroll hit and it was a doozy, printing at 88K, below the lowest forecast of 100K, well below the expected number of 190K, and a tragedy compared to the February revised print of 268K (was 236K). This was the biggest miss to expectations since December 2009 and the worst print since June 2012. The unemployment rate declined to 7.6%, but this was due entirely to the collapse in the labor force participation rate, which declined by 20 bps to 63.3%, a new 30 year low.

And now the time to come up with excuses is here. Read more via Zero Hedge...

SEQUESTERED: WH Scraps Jewish Heritage Month Reception; Soul Music Fest Survives Cuts...

'SECURITY CONCERNS?' Flight Diverted, Family Kicked Off Flight After Inflight Movie Complaint...