4月非农业就业数据今天上午公布。 据劳工部创造了11万5千工作机会，跟上个月估计的16万5千相差太远。失业率从3月份8.2％下降到8.1％，但仅因实际上是企图找到工作的人少了。
“低于10万，它将给美联储一个很好的信号做一些更多的量化宽松，说：”西蒙·贝克，贝克大街资产管理附加剪辑。 “如果它多过过去的20万，那就太好了。”
April non-farm payroll data were released this morning and Wall Street jeered. According the Department of Labor the 115,000 jobs were created last month, well shy of estimates for 165,000. The unemployment rate fell to 8.1% from 8.2% in March, but only due to fewer people actually attempting to find work.
"Below 100,000 it would have given the Fed a good signal to do some more Quantitative Easing," says Simon Baker of Baker Ave Asset Management in the attached clip. "If it had blown past 200,000, you and I would be cuddling right now and everything would be great."
The only things on Wall Street that are snuggling up in reaction to this number are the bears and the tape. Stocks are lower because 115k gives our obstinate Federal Reserve tacit permission to change nothing. Four years of stimulus has left us with an economy that Baker charitably describes as "recovering but very slowly."
More of the same isn't the answer.
Still, Baker remains relatively sanguine on U.S. equities. The operative word being relatively. "Where else are going to put your money?" he asks. "Are you going to put it into the bank earning zero percent? Are you going to put it in bonds earning 2%?"
