We need inflation to go down but it just keeps humming.
GDP Growth 3rd qtr revised up to 2.9%.
DOW up over 34,000
Now the November Jobs Report:
Nonfarm payrolls increased 263,000 for the month while the unemployment rate was 3.7%, the Labor Department reported Friday.
The payrolls number was well above the 200,000 estimate, while the unemployment rate was in line.
Average hourly earnings jumped 0.6% for the month, double the estimate, and 5.1% annually versus the 4.6% expectation.
——————
Bad news is interest rates will keep rising.
GDP Growth 3rd qtr revised up to 2.9%.
DOW up over 34,000
Now the November Jobs Report:
Nonfarm payrolls increased 263,000 for the month while the unemployment rate was 3.7%, the Labor Department reported Friday.
The payrolls number was well above the 200,000 estimate, while the unemployment rate was in line.
Average hourly earnings jumped 0.6% for the month, double the estimate, and 5.1% annually versus the 4.6% expectation.
——————
Bad news is interest rates will keep rising.
