The November jobs report beat even the most optimistic of projections, and the US labor market got a much needed dose of good news
Jay Soloff
Argonath Financial
The November jobs report beat even the most optimistic of projections, and the US labor market got a much needed dose of good news. New private sector jobs climbed by 321,000, well over the consensus estimate of 225,000. Jobs gain increased across the board, and include growth in professional services, retail trade, health care, and manufacturing. Unemployment remained at 5.8%. Perhaps the best news is the growth in wages, with the annual increase moving up to 2.1%. What's more, October job gains were revised up to 243,000 from 214,000. Basically, there wasn't a hint of bad news in this month's report. It will be interesting to see how the Fed changes its language in the next FOMC meeting based on this recent data. (VIEW LINK)
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market maker on the floor of the CBOE, as a consultant on Wall Street, and as a senior analyst at a multi-strategy hedge fund. You can visit my website at www.argonathfinancial.com.
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
Jay Soloff
Research Analyst
Argonath Financial
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise
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