Excellent Employment

Last Friday’s employment report was sizzling. Net job creation in January came in at a better than expected 257,000, December employment growth was revised upwards to 329,000 and November’s to a whopping 423,000, the most since 5/00. Better yet, the unemployment rose to 5.7% from 5.6% as improving employment prospects lured hundreds of thousands of discouraged workers into the labor force. A June Fed rate hike is on the table!