Richmond Fed Dead-Cat-Bounce Crashes To 3-Year Lows

With the biggest miss in two years, Richmond Fed collapsed to -7 (lowest since Jan 2013) from March's 22 print (six year highs). The farcical flip-flop leaves the average workweek plunging into contraction, number of employees dropping, New Order volume crashing, and worse still, future expectations of hisring and work week is plunging.

Best in 6 years to worst in over 3 years...

 

As New orders crash