Jobs report crushes, wages miss



Goldilocks cometh? Not too hot. Not too cold.

But wait. Is that a bear?

(From The Business Insider)

The US economy added 228,000 nonfarm payrolls in November, more than economists had forecast, a report on Friday from the Bureau of Labor Statistics showed.

The unemployment rate remained near a 17-year low of 4.1%.

Overall, the report demonstrated that job creation remained strong even after deadly hurricanes slammed into the southeastern US this fall and temporarily weakened hiring. Economists had forecast that nonfarm payrolls increased by 195,000 on net, while the unemployment rate remained at 4.1%, according to Bloomberg.

Wage growth was weaker than expected. Average hourly earnings rose 0.2% from October, and increased by 2.5% compared to November 2016.

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