“Davidson” submits:
Both Establishment and Household Surveys rose by similar levels while US Government saw a slowing in growth. Both the Establishment and Government series saw downward revisions in prior months. Even though the headlines indicate more than 100,000 Government workers have been terminated, they remain in a transition period receiving compensation for a short periodMarkets have been roiled by the tariff announcements even though the levels of tariffs are less than were discussed months ago. Hedge funds and Momentum Investors cram their strategies into a few days rather than adjust slowly. Someone should tell them that nothing announced thus far is policy. Policy is being negotiated currently and already has had significant positive impacts in the direction desired with most trade relationships yet to be known.Excerpt:“Total nonfarm payroll employment rose by 228,000 in March, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in social assistance, and in transportation and warehousing. Employment also increased in retail trade, partially reflecting the return of workers from a strike. Federal government employment declined.”New Order Durable Goods continues at record levels. This data continues to signal economic growth. New Orders for Manufacturing Machinery appears poised to make a new series high.
