More Bad News for Main Street - The Daily Reckoning
More Bad News for Main Street The November unemployment report came issuing this morning… A Dow Jones survey of economists had projected 440,000 new November jobs. The actual figure? 245,000 — a mighty “miss.” Thus our deep disfaith in the crystal-gazing of experts is affirmed… again. “Overall, it is a disappointing report,” said economists at Jefferies by way of understatement, explaining: With COVID cases surging again and policies being put in place to try and slow the spread, hiring has slowed down. Also, worker availability is a significant limiting factor as well, with man...
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