Dec 2014 Jobs Report – Not So Great as Everybody Thinks December 5, 2014Posted by geoff in News.
The ADP jobs report for November may have been a slight miss, but the official BLS report hit a bullseye — finally. The US economy added 321,000 jobs last month, the highest figure in years, as job creation belatedly linked up with two solid quarters of growth.
But me, not so much. Because if you look at my interpretation, this month actually had the first downturn in several months:I think my interpretation is more in line with the latest ADP jobs report, which was a little disappointing.
In any case, the employment situation in a time-averaged sense is improving at an appallingly-slow rate.