FOMC-Rattling ‘Substantially Adverse Economic Circumstances’ Loom


March 2017 Real-World Employment Prospects Continued to Plunge at an
Annual Pace of Decline Not Seen Since the Depths of the Economic Collapse


Soft Payroll Jobs Gain of 98,000 in March Was Not Statistically Significant


Declining Monthly Unemployment Rates Simply Were Not Comparable


That Said, March Unemployment: U.3 Declined to 4.5% from 4.7%,
U.6 Fell to 8.9% from 9.2% and ShadowStats-Alternate Fell to 22.5% from 22.7%


Those Were the Lowest, Headline Unemployment Rates for U.3 since May 2007, for
U.6 since December 2008 and for ShadowStats since April 2012


Nominal Money Supply M3 Annual Growth Sank to a 57-Month Low in March,
Real Growth Declined to a Level Not Seen Since Depths of the Economic Collapse

Download the full Commentary as a PDF Document