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The Household survey showed significant weakness, with the number of employed people falling by -355,000 in November. Meanwhile, the US lost -111,000 full-time jobs and -268,000 part-time jobs. There are now 1.7 million people in long-term unemployment, up from 1.2 million last year. All while the US government added +33,000 jobs last month ALONE. Something doesn’t add up here. submitted by /u/XGramatik |
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TKL: The “Fed pivot” is officially DEAD – Stocks are crashing after the US added nearly 100,000 MORE jobs than expected in December. The unemployment FELL to 4.1% just after the Fed said the labor market was “weakening.” So, why are stocks crashing? Let us explain.
To begin, the US economy added 256,000 jobs in December, or 92,000 MORE than expected. On average, the US economy