Market Commentary

Jobs for November

The monthly jobs report came out and the economy produced 228,000 new jobs; more than expected. The unemployment rate remained the same at 4.1%. This was the second month in a row of over 200,000 jobs, and it certainly cemented the idea that the Federal Reserve will be raising interest rates this month.

It was interesting to note that the two areas that were the strongest in higher new employees were builders at 23,000 and manufacturers at 31,000. We have had a housing shortage for some time and the Trump presidency has been concentrating on producing more manufacturing in the U.S.

It looks like a stronger economy going forward and these numbers support that supposition.

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