Why One Economist Doesn't Believe The March Jobs Number | Zero Hedge: "Retail Was Strongest Factor +48K: Dubious Achievement Award
BLS sees a Retail Renaissance
Despite a lackluster holiday sales season and massive big box store closures, despite major 1Q hiring companies like Home Depot reporting flat hiring plans, the BLS model reports 181K payrolls added in 1Q 2016.
To put that into context:
Best 1Q ever
Better than the entire annual Retail payroll growth for 2014; 2/3s the level of 2015
Fewer stores than ever, more big-box store closings, weak sales. And yet, most hiring ever. Hmmmmm....."
'via Blog this'
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