Jobs day – read BLS

Jobs day – read BLS

While one can hardly find fault in the job numbers released today, it’s important to read the report rather than listen to everybody’s spin …

Here’s my caution, quote: “Manufacturing employment rose by 54,000 in November, following a decline of 43,000 in the prior month. Within manufacturing, employment in motor vehicles and parts was up by 41,000 in November, reflecting the return of workers who were on strike in October. “

Roughly 40,000 of that BIG number were people coming back to work after strikes. Still a good report and will push yields and equity up. Enjoy the ride

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