Economists blown away by how great economy is doing, unemployment % hits 50 year low
https://www.msn.com/en-us/money/markets/us-nonfarm-payrolls-increase-by-the-most-in-10-months/ar-BBXQOkW?li=BBnbfcN
This from CNN (they must be in tears having to report this)
US employers added 266,000 jobs in November, up from 156,000 added in October, the Labor Department reported Friday. The gains include auto workers who returned to work after a six-week strike at General Motors. https://cnn.it/2s0ZNV7
https://www.cnbc.com/2019/12/06/cramer-like-or-hate-trump-these-are-the-best-numbers-of-our-lives-on-jobs.html
“You can’t contradict that these are the best numbers of our lives. You can’t,” Cramer, 64, said following the government report showing the U.S. economy created a better-than-expected 266,000 nonfarm jobs in November, with the unemployment rate dipping to 3.5%, matching a 50-year low. Economists had expected the jobless rate to hold steady at 3.6% last month.
“People don’t want to say good things” about the economy, said Cramer, echoing comments he made Thursday evening on “Mad Money,” telling investors: “Don’t let the armageddonists and the negativists and the hucksters scare you away from owning stocks.”
Referring to Trump, Cramer said Friday on “Squawk Box,” shortly after the jobs report was released, “It doesn’t matter whether you hate him or like him, these are real numbers.”
“This is the best number I’ve ever seen in my life,” Cramer said, zeroing in on the unemployment rate. “Fifty years ago, that number was a curse. Now it’s a blessing.” He added, “I don’t see inflation. I don’t see recession