I’ve been saying it for years: the BLS report is a masterpiece of BS. Their method for tracking job gains and losses? Brace yourself it’s surveys.

Yes, seriously. Someone picks up a phone, calls 60,000 households and businesses, and asks, “Hey, hiring anyone?” That’s our national employment data, folks. Brought to you by the same process used to figure out who really watches Game of Thrones.

Meanwhile, ADP is over here with actual payroll data, you know, numbers from real paychecks of real employees at real companies. Crazy, right?

So let me ask: whose data would you trust?
The guys with the spreadsheets and timecards… or the ones with a phone and a clipboard?

The Bond Market reacted and not in a rate positive way.

Still holding onto gains.

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