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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.

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