All of the data released only served to call into question the reliability of that data.

The question of what to believe was raised again last week with the important release of the February labor data. The unemployment rate dropped by 0.2% to 3.8%. The decline was a function of a decrease of 300,000 in those unemployed and a 255,000 increase in those employed. At the same time, nonfarm payrolls were reported as having only increased by 20,000. Someone is wrong.

 

PROBANK AUSTIN ADVISOR - MARCH 11, 2019