Reamed On a Scale Never Before Seen in History


Because the March survey-week took place around March 13, ahead of the lock-downs and layoff announcements, today’s payrolls report was expected to be not quite as grim as initial claims suggested. It was catastrophic nonetheless, with the Bureau of Labor Statistics reporting moments ago that a whopping 701K jobs were lost in March, 7x more than the 100K expected, just shy of the worst payrolls prints recorded during the financial crisis.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: