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Jobs number strong but income growth disappoints

Jobs number strong but income growth disappoints

The U.S. economy added a net 228,000 jobs in November, the Labor Department reported this morning. Economists surveyed by Bloomberg were looking for a gain of 195,000. That kept the unemployment rate at 4.1%, the lowest since 2000. Disappointingly, however, average...
Was today the end of the market wobble?

Was today the end of the market wobble?

Today the Standard & Poor’s 500 stock index added 0.8%, the Nasdaq Composite climbed to a new all time high, and the Russell 2000 small cap index rose 1.6%. The action put an end to what I’d call a “market wobble” that had seen the...