Last Friday, the labor department reported an increase in payroll employment of 204,000 in October along with upward revisions in the previous two months, and the stock market celebrated. The Dow rose 167.80 points on Friday, or 1.08 percent. This good news came from the Labor Department’s establishment survey. Its household survey was another story. [...]
via Bob McTeer's Economic Policy Blog http://economyblog.ncpa.org/the-rose-colored-employment-report/
via Bob McTeer's Economic Policy Blog http://economyblog.ncpa.org/the-rose-colored-employment-report/
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