Dec 04

Where The Job Gains Were: 319,000 “Part-Time Jobs For Economic Reasons” Added:

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 319,000 to 6.1 million in November, following declines in September and October.

Since January The US Has Added 294,000 Waiters & Bartenders, And Zero Manufacturing Workers:

Here is one of the reasons why the Fed is confident the US economy is strong and resilient enough to sustain a rate hike: since January, the US has added 293,900 waiter & bartender positions and zero manufacturing workers.

November Jobs Surge 211K, Higher Than Expected: December Rate Hike Looms Despite Slump In Weekly Earnings:

It appears the December rate hike is now cemented following the BLS’ report that November jobs rose by 211K, higher than the 200K expected, and well above Janet Yellen’s “whisper” number of just 100,000 being sufficient. This follows an even stronger revision to the October number from 271K to a whopping 298K. The unemployment rate remained flat at 5.00%, in line with expectations, while hourly earnings rose 0.2% in November, just as expected.

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