(Samantha Sharf – Forbes)
The Bureau of Labor Statistics reported the strongest payroll additions in years. Employers added 321,000 jobs in November, a number far greater than the 230,000 economists were predicting. The unemployment rate, which is drawn from a different survey of households, remained steady at 5.8% the lowest level since the recession.
“If you don’t like this one nothing is going to make you happy,” declared PNC economists Stuart Hoffman. TD Ameritrade Chief Strategist JJ Kinahan said that Friday’s headline number and revisions were “outside any estimate I had seen even on the high side. Overall this is a home run in terms of jobs created.” Read more here.