Ep. 287 – Blowout Jobs Number?

The Kapital News
The Kapital News
Ep. 287 - Blowout Jobs Number?

US non-farm payrolls increased by 266,000 jobs for the month of November beating market expectations of 180,000. This take the official U-3 unemployment rate to 3.5% – a 50 year low. However, when one looks under the hood and beyond the headlines, one would notice that 41,000 of these “newly” created jobs were not new at all. In fact, 41,000 of the job gains in manufacturing were directly tied to the workers who were previously on strike with General Motors. So they were not new jobs at all, simply workers going back to work after reaching an agreement with GM. The markets know this, but they rallied nonetheless, with the major indices increasing by 1% for the day. So long as there are trade headlines and funny money being printed by the Federal Reserve and other central banks, it appears that these markets will continue to inch higher. Next week the Federal Reserve meets for the last time for a rate decision meeting and all markets will be watching closely. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #EndTheFed #Recession #Fake #Rigged #Truth #Politics #Jobs

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