BIGGEST NFP MISS IN HISTORY! No one expected this even in their wildest most evil dreams! May NFP printed a mere +38,000 vs. expectations of +164,000, and down from April's already miserable +123,000 (revised lower from +160,000)!
Everything else missed or was inline at best. Only the U3 unemployment rate beat by falling to 4.7% vs. expectations of 4.9% and down from April's 5%, but this was due to massive shrinkage in the labor force (participation rate fell once again).
The USD is down sharply against all currencies, and precious metals (gold, silver, ect...) are surging. More updates to come.
#Forex #Stocks #Trading #Investing #Economy #Jobs #NFP #Friday #WTF
Everything else missed or was inline at best. Only the U3 unemployment rate beat by falling to 4.7% vs. expectations of 4.9% and down from April's 5%, but this was due to massive shrinkage in the labor force (participation rate fell once again).
The USD is down sharply against all currencies, and precious metals (gold, silver, ect...) are surging. More updates to come.
#Forex #Stocks #Trading #Investing #Economy #Jobs #NFP #Friday #WTF