COMMENT: Key paragraph: "the March number was unexpectedly revised sharply lower, from a consensus-beating 236K (exp. was 230K) to a huge miss at 165K, a number which surely would have impacted the Fed's thinking and potentially put a premature end to the rate hikes. But wait there's more, because February was also revised lower by 78K, from +326,000 to +248,000, which would also have missed the whisper estimate. With these revisions, employment in February and March combined is 149,000 lower than previously reported. And then there was a downward revision in January too... "
So, revisions change everything, but never make the headlines.
The collapse will not be advertised.
