US stocks surged Friday after a better-than-expected labor report showed solid job creation in November and boosted prospects that the Federal Reserve will begin to taper stimulus.
The US economy added a modest 175,000 jobs in May, the Labor Department announced Friday, dispelling some worries that job creation had slumped in the spring.
The unemployment rate ticked up 0.1 percentage points to 7.6 percent.
The White House noted yesterday that if Republicans were really serious about job creation, we'd have local and state governments hiring and infrastructure humming. Since Republicans are serious about creating only jobs with the word "Chief" in the start of the title, that's not going to happen, of course.
A third straight month of strong US job creation is unlikely enough to budge the Federal Reserve's policy makers from their easy-money stance when they meet Tuesday, analysts said.
This is precious. Talk about a party in disarray. Either the GOP is as delusional as John McCain was on the state of the economy or they have some seriously lameass webmasters over at the National Republican Congressional Committee:
