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The Bureau Of Lies And Scams (Employment)

by Karl Denninger

The gushing over the employment report was enough to make me retch, and the fact that utterly nobody called anyone on it is even worse.

The U.S. economy added 321,000 jobs in November, the strongest month of hiring since January 2012, while the unemployment rate held at 5.8%, the Labor Department said Friday. The stronger-than-expected hiring figure puts the economy on track to post the strongest year of job creation in 15 years. Economists called the report “a blockbuster” and “surprising and encouraging.” Some economists suggested the report was so strong the Federal Reserve may consider starting to raise short-term interest rates sooner than previously expected. Here are more reactions from economists.


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