The Markets Don't Know This Yet

Non-farm payroll numbers that came out on on Friday and of course before we got the official numbers on Wednesday we got the ADP numbers. That number kind of spooked the markets because that was a beat they were looking for 185,000 jobs and we got 324,000 which was well above estimates. There's a bias in there in the numbers that is leading the government to overestimate how many jobs are being created if every time they err on the high side you would have an equal number of misses than beats right just like if you're tossing coins half are going to come up heads half areGoing to come up tails right but if you got a string of six in a row you