https://www.channelnewsasia.com/news/business/us-job-growth-surges--unemployment-rate-drops-to-3-6-percent-11499716
US job growth surged in April and the unemployment rate dropped.
However, the ISM Manufacturing PMI data in April showed otherwise.
http://sg-stock.blogspot.com/2019/05/us-ism-manufacturing-pmi-fell-in-april.html
The employment sub-index under the April PMI showed it dropped from 57.5% to 52.4%, an almost 10% drop. A drop of such magnitude is serious!
This could only mean that the manufacturing industry was shedding workers but workers were increasing in other sectors. Right? No!
The US employment data showed that the manufacturing sector increased by 4,000 jobs in April and contradicted the April PMI data. A 4,000 job increase couldn't cause the employment sub-index under PMI to drop by 10%.
Something fishy is going here. Like I said before, the demon was hiding in the details.
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