When we previewed the May payrolls last night we said that “after two consecutive and not immaterial misses, and 6 misses in the past 8 months, it’s about time for a solid payrolls “beat”, even if nobody cares anymore about the number of part-time waiter and bartender jobs created.”
Things got even more interesting this morning when Trump upped the stakes with his tweet that he was “Looking forward to seeing the employment numbers at 8:30 this morning”, strongly hitning that he not only had seen the number, but that it would be a major beat.
Looking forward to seeing the employment numbers at 8:30 this morning.
— Donald J. Trump (@realDonaldTrump) June 1, 2018
Well, moments ago the BLS reported that in May the US economy created 223K jobs, smashing expectations of 190K, and indeed confirming that Trump “may have been on to something.”
Developing
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