Aprill Payrolls Huge Miss: Just 266K Jobs Added On Expectations Of 1 Million

For once the disappointing ADP report was right.

With expectations of today’s payroll print soaring, consensus expecting a whopping 1 million number and some forecasters calling as high as 2+ million, few were prepared for a miss. And of course the market gods made sure to inflict the most possible pain with the BLS reporting an April payroll of just 266K in April, a huge miss compared to the 1 million consensus estimate.

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