Despite modest negative revisions in the prior two months (-28k), the December #jobsreport beat expectations on job growth for the past month at +223,000 new jobs create as the unemployment rate fell to 3.5%. bls.gov/news.release/a… 
It's a strong jobs report but closely aligned with expectations, which were for +200k last month. The unemployment rate was expected to move from 3.6 to 3.7 and instead moved to 3.5. Basically, it's in line with what was expected, which is why the Fed is still mad.
Professor Wolfers is smarter than me and he's putting a high gloss finish on the jobs data. You can definitely make an unambiguously good case! Anyone who says this is a bad report (or that it was expected to be bad) is stupid or just flat lying.
https://twitter.com/JustinWolfers/status/1611354952764383233
Even if last month had been in-line with median forecasts, we'd be looking at a 3-month rolling average of ~240k jobs per month and unemployment rate near historic lows. As it some happens, the real report was a bit better.
https://twitter.com/JustinWolfers/status/1611356895716990979
• • •
Missing some Tweet in this thread? You can try to
force a refresh
