The train has left the station folks. We are on the greatest economic rise of our generation. Jobs everywhere, wages rising faster than prices, consumer confidence on a rocket ship to the moon. My thoughts and prayer go out to right wing doomsday hopefuls everywhere.
In addition to Jobs everywhere the consumer confidence levels are higher than they’ve been in 3 years.
US Uni Of Mich. Sentiment Jan F: 79.0 (est 78.9; prev 78.8)- Sentiment Jan F: 81.9 (est 83.5; prev 83.3)- Sentiment Jan F: 77.1 (est 76.0; prev 75.9)- 1 Yr Inflation Jan F: 2.9% (est 2.9%; prev 2.9%)- 5-10 Yr Inflation Jan F: 2.9% (est 2.8%; prev 2.8%)
- The January jobs report showed that the US economy added a stunning 353,000 jobs last month, confounding market expectations Friday morning and pushing up Treasury yields.
- The unemployment rate stayed at 3.7%.
- Job gains were mostly focused in health care and social assistance, according to the Bureau of Labor Statistics.
- A new CNN poll shows the public’s long-held pessimism about the economy is easing.
In addition to Jobs everywhere the consumer confidence levels are higher than they’ve been in 3 years.
US Uni Of Mich. Sentiment Jan F: 79.0 (est 78.9; prev 78.8)- Sentiment Jan F: 81.9 (est 83.5; prev 83.3)- Sentiment Jan F: 77.1 (est 76.0; prev 75.9)- 1 Yr Inflation Jan F: 2.9% (est 2.9%; prev 2.9%)- 5-10 Yr Inflation Jan F: 2.9% (est 2.8%; prev 2.8%)
Live updates: Another shockingly good jobs report shows America's economy is booming
The US economy added a whopping 353,000 jobs last month, far more than the 176,500 jobs expected. It's yet another data point that underlines the country's economic strength, even in the face of 11 rate hikes from the Federal Reserve.
cnn.it