Big miss on jobs numbers

Dec 4, 2020

∙ Paid

The report on the US Employment Situation for November 2020 was released today. And the headline job growth number was poor, a miss of over 200,000 jobs. But as I write this, markets are mostly of a bullish mindset, looking through this data and the soaring Covid-19 hospitalizations and deaths. Some thoughts on the numbers follow below.