April Payrolls Smash Expectations After Huge Downward Revisions; Black Unemployment Hits Record Low
Ahead of today's jobs report, which we previewed earlier and where median consensus expects a drop in payrolls to 185K (which would be the lowest since 2021) with unemployment rising to 3.6%, many joked that at this point the job report is so rigged and "adjusted" that Biden's Dept of Labor may as…
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