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Here's what 5 Wall Street strategists are saying about November's weak jobs report
1 month ago | By Business Insider
Summary List Placement
November's jobs report showed signs of a slowing labor market as the US added 245,000 nonfarm payrolls, which lagged the consensus estimate of 460,000. The unemployment rate fell to 6.7% from 6.9% and met forecasts.
Several Wall Street economists have pointed out that the unemployment rate fell for the "wrong reasons," and reflects a drop in the labor force participation rate rather than an increase in household employment.
Many also see these numbers as an indication that the next round of stimulus is urgently needed.
From Goldman's chief economist to BlackRock's...
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November jobs report: US employers add a modest 245,000 jobs as COVID intensifies
1 month ago | By ABC
November's job gain was down from 610,000 in October.
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