Why this 'disappointing' jobs report will soon look good [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Ty Wright | Bloomberg | Getty Images Employees assemble Lunch Blox food containers to packaged on a production line at the Newell Rubbermaid Inc. factory in Mogadore, Ohio. It happens. Every so often the Bureau of Labor Statistics reports an aberrant jobs number. This appears to be one of those months. December's disappointing employment gain of 148,000 was well below expectations and inconsistent with every other statistic on the strength of the job market and broader economy during the month. Historically, these kind of surprises are often revised away as the BLS collects more responses from businesses that participate in their survey. Particularly in months like December that are notoriously tricky given the vagaries of the weather and measurement issues around Christmas hiring. Indeed, brick-and-mortar retailers continued to lay-off workers last month , and while that's not a surprise, employment at delivery services which is driven by b
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- 1/25/24 - Beat
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