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Nonfarm payroll gain contrasted by household job decline, David Rosenberg notes

Nonfarm payroll gain contrasted by household job decline, David Rosenberg notes
U.S. payroll and household job data differ

David Rosenberg, founder & president at Rosenberg Research & Associates Inc., questions positive commentary about the strength of the U.S. economy, referencing recent media discussions.

He notes that while attention is focused on a reported 115,000 nonfarm payroll increase in April, far less notice is given to the Household survey, which showed a 226,000 drop in jobs.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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