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.
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