Employment Blowout

How typical. Just as everyone was getting beared up out comes the employment report featuring a blowout number of  +312,000 in December (vs. an expected 188,000). Here is the blurb from BLS…

This is not going to help the Jerome Powell bashers one little bit. Of course, with Apple tanking and the trade war raging on there are crosscurrents in play. But it looks like the bulls can get a little bounce in their step after all. The world had not yet ended as of December 31st.

Here’s the graphical breakdown of the jobs report.

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