Let’s See What’s “Unexpected” Today
The Non-farm payroll number is due out at 8:30
U.S. nonfarm payrolls, due at 1230 GMT, are seen rising by 186,000 last month, according to a Reuters survey of economists. In March payrolls rose by 216,000 which was the biggest increase in 10 months.
Note they’ve already scaled back expectations from March’s number.
Doom!
Update from Reuters:
Economy adds 244,000 jobs in April, jobless rate at 9.0 percent
So better jobs but unemployment goes up!
win/win!
unexpectedly more jobs and unexpectedly higher unemployment rate.
Updatedly update: Some extra info
The gain in overall payrolls, above economist expectations for a 186,000 increase, was supportive of views the economic recovery would regain speed this quarter after stumbling in the first three months of the year on high commodity prices.
Data for the previous two months was revised to show 46,000 more jobs were added.
The internals, though, were less encouraging.
The total amount of unemployed was unchanged from March at 13.7 million people.
The labor participation rate also was stuck at 64.2 percent, refuting the notion that the rise in the unemployment rate reflected more discouraged workers looking for jobs.
Also, the so-called real unemployment rate—which the government calls the U-6—which encompasses discouraged workers as well, actually rose in the month two-tenths of a point to 15.9 percent.
Still very fragile, it seems to me.
Now With Even More Updates!: as Drudge reminds us, 62,000 of these “great new jobs” were at McDonalds.
Biz, Nanny State, Politics | Mr. Bingley | 
May 6, 2011 7:24 am
Subscribe
I seem to remember when jobs at McDonald’s weren’t greeted with quite this level of enthusiasm.
Or, as Ed Driscoll said at Insty’s“Were Obamacare Waivers Responsible for 25 percent of Private Sector Job Growth?”
[…] one’s that Obama is touting. You know, the big private-sector hiring last month that McDonald’s […]