Today was the release of the November jobs report. The street expected that 230,000 new jobs would be created. there was a big surprise in order, however, as 321,000 non-farm jobs were created. Although the headline unemployment rate, which we all know is grossly understated, remained at 5.8%, the average hourly earnings number jumped by .4% or twice the expected number. As one would expect stocks rallied and bonds tumbled.
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Hi Jeff, thanks for stopping by my post and commenting.....I replied back on my blog but wanted to post here for you as well. There are numbers associated with the movement, see my previous posts over the past few weeks, all those graphs were displayed in posts along with the numbers.
Dec 05, 2014 12:01 PM
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Jeff, thanks for sharing this information. I am wondering if most of these new jobs that were created are part-time seasonal positions that have been created for the holiday season.
Dec 06, 2014 01:56 AM
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