The weak jobs report has crushed equities this morning.
Here’s the BLS take,
Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care, but declined in transportation and warehousing.
(click here if charts are not observable)
The recovery is looking anemic at this point….