The media was caught off guard once again by June’s dismal jobs report:
American employers added jobs at the slowest pace in nine months in June and the unemployment rate unexpectedly climbed to 9.2 percent…
The unemployment rate jumped unexpectedly higher in June as U.S. job growth was virtually non-existent.
The job market hit a major roadblock last month, as hiring slowed to a crawl and the unemployment rate unexpectedly rose.
Treasuries gained, pushing five-year yields down the most in more than a year, after the economy added the fewest jobs in nine months and the unemployment rate unexpectedly rose, fueling bets the recovery is losing steam.
Job growth came nearly to a halt in June, the federal government said Friday with surprisingly grim new data that challenge expectations that the economy is poised to bounce back from its spring lull.
As a surprisingly weak jobs report sent shockwaves through the financial markets Friday, investors scrambled into the safe harbor of Treasury bonds.
On and on it goes. Question: When do these clowns start expecting the “unexpected”?