May Payrolls Soar By 339K Blowing Away Highest Estimate Even As People Employed Actually Tumble By 310K

Posted on AllSides June 2nd, 2023
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May Payrolls Soar By 339K Blowing Away Highest Estimate Even As People Employed Actually Tumble By 310K With consensus expecting a modest payroll drop from 291K to 195K, the whisper number coming in alittle higher at 225K and Goldman's trading desk nfp matrix as follows: "a print sub 100k likely hits the tape by ~100bps and a print north of 375k hits the tape by 25 – 50bps", literally nobody was expecting a print above 252K which was the highest forecast among economists, moments ago the BLS reported yet another...

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https://zerohedge.com/markets/may-payrolls-soar-339k-blowing-away-highest-estimate-even-people-employed-actually-tumble

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