What does that mean really? A group of people who have decided they should be called analysts expected 325,000 jobs to be lost but only 250,000 where lost. Well, I guess that’s an improvement in the unemployment rate . . . except for those 250,000 people who lost there jobs that is.
This news is so great that the Stock Market actually reacted by rallying! Whoop-dee-doo!
I have a manager here at my job who I’ve been working with for about 15 years. She just got laid off. I don’t think she’s going to be partying about the Job Report any time soon.