Bureau of Lies and Scams (BLS)

March’s Non-Farm Payroll (NFP at 216,000), which came in above expectations of 190,000.  The main source of the improvement was the infamous “Birth Death” that added 117,000 jobs. (Fiction, Fiction, and more Fiction)  The unemployment rate came in at 8.8%.  Manufacturing payrolls were below expectations at 17,000 on expectations of 30,000.  But the real kicker, as usual, continues to be the Labor Force Participation rate, which continues to be at a 25 year low of 64.2%.  Once again, it is all about job creation, which we do not have.  Without “real job creation,” we do not have revenue to tax.  It is really that simple