RE: 200k jobs8 Dec 2023 14:57
I am surprised that markets haven’t rallied. Goldilocks US jobs - not to hot not to cold - soft landing pretty much nailed on now in US!
‘ Nonfarm payrolls rose by a seasonally adjusted 199,000 in November, slightly better than the 190,000 Dow Jones estimate and ahead of the October gain of 150,000.
The unemployment rate declined to 3.7%, compared with the forecast for 3.9%, as the labor force participation rate edged higher.
Average hourly earnings, a key inflation indicator, increased by 0.4% for the month and 4% from a year ago, close to expectations.
Health care was the biggest growth industry, adding 77,000. Other big gainers included government (49,000), manufacturing (28,000), and leisure and hospitality (40,000).“
Wages was a great result!
Anyways I’m stick with all in for Santa. Will sell and recycle later.
Usual caveats
Trek