These are excellent numbers that possess a combination of strength and weakness that might stoke the flames of speculative fervor while keeping the Fed at bay.
We added 242k new jobs, many of which are comprised of shopping cart fetchers and burgers flippers. Average hourly income dropped by 0.1%, which is the subtle bad news, indicative of a zero wage growth environment.
Futures doubled their gains to +60. I expect the market will close out the week with strength, based off this data.
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Welcome to the Hillary Clinton rally.
Wow that many retirees started bagging groceries? Everyone knows the millenials aren’t supposed to be burdened with anything so tiresome as work.
Better put those rates up then before it goes full boom time
Something to be said about fetching shopping carts.
In my retirement days I like to hang at the local Aldis and I race to beat the kids for the quarters people leave in the carts.
Are we thinking that Janet Y may be onto something about the strength of the economy, or is this just an anomaly?