Until now, jobs metrics were immune to worsening economic malaise.
So who is getting hit?
Business sales worst since 2012, inventories at crisis level, jobs next.
The stagnation zone.
And it’s reaching far beyond energy.
A “Warning about March Nonfarm Payrolls”
A party pooper showed up.
A good swig of financial engineering to make the results go down better.
It’s getting painful: only exceptions were in the early 1950s.
They desperately want to raise rates, but….