Full time jobs down 42k.
Are we looking at stagflation?
If everyone in the US died and were thus removed from the workforce.. “Good news comrades! Unemployment is ZERO!”
The real story is the major downward revision of the previous period new job numbers. This is a pattern.
When is the last time the previous period number was revised upward?
This latest number will be revised downward in a month.
The market knows this.