Jobs Report Basically a Wash
Today's job report was surprisingly strong on the headline. But the reviews are mixed once you look beneath the hood.
The quick facts: The Establishment Survey was up 146,000, which was well above economist estimates of 85,000. Unfortunately, revisions were lower for October and September, totaling -39,000. So, essentially, we have as many total jobs as we thought, we just gained more in November than we expected. However, we didn't gain as many in prior months. I would call that a wash....515 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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