Friday, December 02, 2005

Monthly Jobs Report Day

I've been in remiss in making my over/under bet the last few months. But, today the monthly jobs report comes out. Consensus forecast is 210K new jobs. One rarely goes wrong making the under bet these days, and with a number that high I'll go with it.

...and the overs win!

Nonfarm payroll employment grew by 215,000 in November, and the unemployment
rate was unchanged at 5.0 percent, the Bureau of Labor Statistics of the U.S.
Department of Labor reported today. Over the month, job growth was widespread,
with large gains in construction and food services.