This Is A Warning Sign That The Jobs Report Might Be Bad

Mostly people are very bullish ahead of this Friday’s jobs report, and estimates among some on the street are in the high 200K range.

While we wait for Friday eagerly, we continue to look for every scrap of data to feed our hunger to learn what’s happening in the labour market.

To that end, the latest announcement from the NFIB is not good.

The organisation that represents small businesses says net new job creation among their members was rather poor in February.

There was actually a very big decline in the net number of new firms planning on adding workers.

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Photo: NFIB

And the number of workers per firm barely gained.

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Photo: NFIB

And there was an uptick in the number of firms planning on cutting workers.

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Photo: NFIB

Granted, this is just based on a random 642 member survey, but still, not the kind of confirmatory data you’d like to see.

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