So Much For Hunches

The jobs number came in under again the estimate again. Stock futures are coming off a little and middle of the curve is seeing rates drop.

The logic behind last nights post where I took the over wasn't bad ( I don't think it was anyway).

This means we still have a weird jobless recovery. The drop in the rate to 5.2% probably means the participation rate fell, not great.

Kudlow is trying to spin this but 150,000 time and again is historically weak.