Friday, December 5, 2014


This morning's November jobs report? Jobzilla. Jobopotamus. Jobocerous. Brontojobus. Jobasaurus Rex. Deoxyjobonucleaic acid.

The US labor market is on fire. 
According to the latest report from the BLS, the nonfarm payrolls grew by 321,000 in November, crushing expectations for 230,000. 
This is the biggest single-month gain in payrolls since January 2012.

The unemployment rate was unchanged at 5.8%.

This marks the 10th-straight month that the US economy saw payrolls grow by more than 200,000, the longest streak since 1995
October's report was also revised higher, from an initial reading of 214,000 job gains to 243,000. 
According to the BLS' release, "In November, job growth was widespread, led by gains in professional and business services, retail trade, health care, and manufacturing." 
Payrolls grew by 50,000 in the retail sector in November, with health care adding 29,000 jobs, manufacturing adding 28,000 jobs, and professional and business services jobs growing by 86,000.

The "U-6" unemployment rate, which also includes those who are working part time for economic reasons and those marginally attached to the labor force, fell to 11.4% from 11.5%.

The labor force participation rate also held steady at 62.8%.

These are some of the best jobs numbers since the heart of the Clinton boom years, and yet Obama is a terrible President, right?  And America decided to turn everything over to the damn GOP instead. That was a good call, huh?

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