We've Seen This Jobs Movie Before

Tyler Durden's picture

Presented with little comment aside to note that with all eyes squarely focused on this Friday's payroll data (and today's ADP and claims), it is worth reminiscing of the hope that we felt in 2006 and 2007 when it was "different this time" and the divergence between a plummeting ISM employment index and non-farm-payrolls meant nothing...

 

 

 

(h/t Brad Wishak at NewEdge)