A fantastic new jobs report came in this morning and it is apparently shocking everyone, including CNN:
CNN’s Christine Romans says job creation expectations were more in the 180k range, but the actual number of jobs for November was 266k.
She also reports that previous months in the fall were revised upward, meaning job creation in the fall is stronger than previously thought.
And to top it off, unemployment fell back to a 50-year low of 3.5%. Romans says the a couple of generations of people have never seen the unemployment rate this low.
Jim Cramer really loved these numbers:
Here’s a few other reports on the new jobs numbers: