About that ugly jobs report 📉

How stock market investors should be thinking about it 🤔

Friday’s disappointing U.S. jobs report was the latest reminder that economic data, while not terrible, has been getting worse.

According to the BLS, U.S. employers unexpectedly lost 92,000 jobs in February.

I’m typically wary of reading too much into one month’s print on a single economic metric. Data can be noisy over short periods, and single metrics can sometimes prove anomalous.

However, five of the last nine monthly payrolls reports were negative.