Jobs Surge in Strike-Ending and Seasonal Adjustment Rebound

by Mike ‘Mish’ Shedlock
Mish Talk

Jobs rose far more than expected in a rebound from GM strike end and seasonal adjustment factors.

Initial Reaction

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.

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