Dec
07

Wonderful Work

wonderful workFriday’s labor numbers were excellent! 211,000 net new jobs, upward revisions totaling 35,000 for September and October, an increase in the labor force participation rate from 62.4% to 62.5%, and decent year-over-year wage growth of 2.3%. Better yet, construction added 46,000 jobs, its best showing since 1/14 and retail, which had shown signs of weakness, added 31,000. Mining shed another 11,000 jobs and is down 123,000 since the 12/14 peak.

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