Payrolls, Gasoline, Rigs, Recession awareness

Private payrolls are reported down by about 23.5 million employees:

“While there are numerous theories as to why economists were so far off, one explanation was widely discussed on Friday. The jobless claims data and the ADP private payrolls report did not pick up what analysts call “hidden hiring.” Firms put their employees on “government payroll” for a couple of months with full intentions of bringing them back.”