by Mike ‘Mish’ Shedlock
Jobs rose far more than expected in a rebound from GM strike end and seasonal adjustment factors.
Jobs came in much better than expected. ADP forecast a mere 67,000 jobs.
The GM strike ended and that explains a huge surge in manufacturing and auto parts jobs.
Seasonal factors also skewed the report. Thanksgiving was very late in the month, in fact, on the last possible day, November 28.