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Mixed Signals: December's US Jobs Report

From schwab.com

The headline was shiny, but the details were duller. The Bureau of Labor Statistics (BLS) jobs report for December, released on Friday, had something in it for both the economic bulls and bears. Nonfarm payrolls were up 216K in December, which was well north of the 170K economists' consensus estimate. There was some weather-related flattering, with 87K folks "not at work due to weather" vs. a recent December average of 101K (2019-2022). One immediate rub associated with the report was the 71K of downward revisions to the prior two months' readings. Another rub was overly optimistic "birth/death" (of businesses) ... (full story)

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  • Category: Fundamental Analysis