Jobs numbers show economy muddling along but do report good news on wages for end of the year shopping season
The U.S. economy added 146,000 jobs in November, the Bureau of Labor Statistics reported this morning. That was up slightly from the 138,000 jobs added in October. Economists surveyed by Briefing.com had forecast the addition of just 90,000 jobs in November. But it’s hard to tell what the numbers mean because of the effects of Hurricane Sandy
Today the U.S. stock market is thinking of Christmas
It’s consumer discretionary stocks leading the U.S. market. Not surprising since we’ve got a prefect storm of good news from the consumer sector today.
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