The November jobs report was close to the Goldilocks outcome for a market that fears a rapidly ... [+] slowing economy or robust economic growth that would fuel inflation. As if on cue, the November jobs report was close to the Goldilocks outcome of neither too hot nor too cold. The jobs report was solid, with payroll employment growing at an above-consensus 199 thousand and a 35 thousand downward revision for the past two months to temper the outperformance. Monthly Jobs Growth Glenview Trust, BloombergWage growth held steady at a 4% year-over-year rate, consistent with expectations, but the monthly rate was above forecasts. U.S. CPI Estimate Glenview Trust, BloombergOn Friday, markets were treated to a close to “just right” employment report.

Source: Forbes December 10, 2023 22:39 UTC