The jobs numbers were far better than economists predicted. In November, the US added 321,000 jobs, the greatest one-month gain in nearly 3 years. The jobs gain were across the board and were not just an increase of seasonal help. This great news has propelled the markets to even higher gains, pushing the envelope to record highs. The unemployment rate remained unchanged at 5.8%.
Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.