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Friday, December 3, 2021

An Odd Jobs Report Keeps Fed on Tapering Fast Track - Bloomberg

Even by Covid-era standards, the latest U.S. jobs report was downright bizarre. 

Two headlines hit at the same time. The bad one: U.S. employers added just 210,000 workers in November, less than half of the median estimate in a Bloomberg survey of economists, which called for a 550,000 gain. The good one: The unemployment rate tumbled to 4.2%, down from 4.6% and beating estimates for a more modest dip to 4.5%.

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An Odd Jobs Report Keeps Fed on Tapering Fast Track - Bloomberg
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