4月非農業就業數據今天上午公布。 據勞工部創造了11萬5千工作機會，跟上個月估計的16萬5千相差太遠。失業率從3月份8.2％下降到8.1％，但僅因實際上是企圖找到工作的人少了。
“低於10萬，它將給美聯儲一個很好的信號做一些更多的量化寬鬆，說：”西蒙·貝克，貝克大街資產管理附加剪輯。 “如果它多過過去的20萬，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%?"
