The jobs report came in strong with the BLS reporting 322,000 jobs created for the month of November. Unemployment remained unchanged at 5.8%.
Yet economists are still cautiously pessimistic about the economy, with moderating growth on the forecast.
While recent quarters have seen GDP growth of near 4 percent, the outlook is for that growth to slow going forward.
Much of that is because wages are not going up. And much of that is because Americans are either unemployed or underemployed.
And despite all that, the strong jobs report will certainly reignite the debate about when or if the Federal Reserve Bank will ever raise interest rates in the near-term.
Just as we discussed yesterday—on the investing show-- the consensus has been that interest rates would stay low for the immediate future.
That consensus could change with this jobs report. And then changed again next week with another report.
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