More Surprised Economists
Why do the so-called experts consistently error on the doom-and-gloom side of economic prediction?
The latest numbers via CNNMoney.com’s Jobs grow more than expected:
Employers added fewer workers to U.S. payrolls in November, according to a closely-watched government reading on labor market strength released Friday that still came in a bit stronger than Wall Street expectations.
Folks, you ever notice they always expect worse numbers? Note how they open the article with a negative comment even though the number is 24,000 jobs higher than expectations. The number will be revised later and the economy is cooling off after a torrid pace during the summer. But it is still strong.
Posted By Derrick Moe | Trends | | Comments(0)
