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December 06, 2019

Cowbell: Stock Market Surges After Yuge Jobs Report

Gotta have more cowbell.

Stocks surged on Friday on the back of U.S. jobs growth that easily topped analyst expectations as Wall Street wrapped up a choppy week of trading.
...

The U.S. economy added 266,000 jobs in November, according to figures released by the Labor Department. Economists polled by Dow Jones expected a gain of 187,000. The unemployment rate fell to 3.5%, matching its lowest level since 1969.

“After the sharp slowdown at the start of the year, the recent rebound in employment growth is clearly encouraging, and suggests that the loosening in financial conditions this year is starting to support the economy,” said Andrew Hunter, senior U.S. economist at Capital Economics, in a note.

posted by Ace of Spades at 12:28 PM

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The unemployment rate fell to 3.5%, matching its lowest level since 1969. “After the sharp slowdown at the start of the year, the recent rebound in employment growth is clearly encouraging, and suggests that the loosening in financial conditions this year is starting to support the economy,” said Andrew Hunter, senior U.S. economist at Capital Economics, in a note. posted by Ace of Spades at 12:28 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments [/i][/b]andycanuck (hovnC)[/s][/u]: "Maral Salmassi @MaralSalmassi Despite claims made ..." jimmymcnulty: "Are Australian pizzas served upside down. 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