This is not good:
While today's payrolls report was expected to be not quite as terrible as the recent initial claims suggested, especially since the March survey week took place around March 13 or ahead of the big shutdown and layoff announcements, it ended up being catastrophic nonetheless, with the BLS reporting moments ago that a whopping 701K jobs were lost in March, 7x more than the 100K expected, and just shy of the worst payrolls prints recorded during the financial crisis.
7X more than expected!!!.... and this is ahead of the shutdown, next figures are going to be Biblical, might be seeing a bit of red in the Markets.
Agree with Smartdude: 'I actually personally believe that WA is probably the safest mining jurisdiction in the world.'
But that may be irrelevant in the end.
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