Friday afternoon giggle: “stocks soar on US payrolls”

CNBC is running with this hopeful heading this aft: “US payrolls help boost stocks to records.”  Oh is that what’s doing it??  Thanks for the insight!

This chart offers a little perspective on all the reputed grounds for rejoicing about the US labor market.  6 years into the financial crisis, the US job market is still missing nearly 7 million jobs when one accounts for the increase in population…but, I know, why muddy financial-tainment spin with facts on the street.

6.9 million job shortfall

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