“V” My Eye!

Last month we learned that in the short span between February and April the number of non-farm payroll (NFP) jobs modeled by the BLS plunged from 152.463 million to 131.045 million, representing a staggering 21.4 million or 14% obliteration of paychecks.

But by the lights of the talking heads on bubble vision you would think that’s all ancient history and that today’s numbers show that the labor market has come roaring back.