Tag Archives: Carnage in State Budgets


News that Moves: Specious Jobs Report, Yellen Concerns, Carnage in State Budgets

ECONX Jobs Report Surprises The market got a kick out of the May employment report, as it cheered the news that “only” 345K nonfarm payroll jobs were lost during the month. That was indeed much better than the consensus estimate of -520K. Moreover, the April nonfarm payrolls data was revised up to show a decline of -504K positions versus an […]