by Chad Shoop
The Sovereign Investor
This morning, the March nonfarm payrolls report topped expectations as the economy added 215,000 jobs, versus economists’ target of 205,000.
The report will be hailed as another win for the U.S. economy, as job growth above 200,000 is considered solid. Beating Wall Street’s expectations was just icing on the cake. And so, analysts and investors alike will take this report and run with it as they have so many others.
But a different report released earlier this week offers a foreboding look at why job growth will likely soon fade, and why you can expect low interest rates for quite some time.