I have as much faith in these numbers as the Chinese gov't coronovirus numbers. Our gov't is going to do everything possible to calm the markets. Similar to the Chinese doing everything to convince people to go back to work.

The 10 year is now at 0.75%. I expect more announcements from the Fed for loan facilities for corporations to stave off layoffs. The Fed will also start buying stocks and other assets in order to save everyone. This is not that different from the environment we've been living in since the global financial crisis. This is just MMT by another name.

Of course it is suspect. The report is based mostly on guessing. It is an estimate. The report also does not count long term unemployment. The report is a guesstimate, not a hard, actual counting of new job creation. That would be impossible. The report should be interpreted for what is is, purely an estimate based on guessing. I think this should be obvious.

All govt jobs,prison guards,parole officers,prison custodians ,social workers,cops, wardens,anything that has to do with the prison industrial complex is absolutely booming!

Thank you for taking the time to write and sharing this.