whitehall
Diamond Member
Early Wednesday, payroll processor ADP said private companies added 297,000 jobs in December. That's nearly three times the 100,000 economists had expected. Treasurys took a dive after the report was released.
Summary Box: Jobs report sends Treasurys lower
you cant say that the tax cuts compromise caused any of this since none of it was in affect during December, and it wasnt even passed until December 16th.
oh but i bet that the Tea Party and GOP will try to somehow claim victory on this one as well..
Think about it. November unemployment edged to 9.8. What caused employers to hire in December? Obama policies? Try the November elections and the promise of tax cuts. Factor in the normal seasonal hiring and you get an artificial statistical boost but unemployment at 15 to 20% in some formerly industrial cities now living off the federal dole.