The jobs report for December 2015 is out, and it shows many more jobs were added than experts expected:
In its regular report of the previous month’s job situation Friday, the U.S. Bureau of Labor Statistics estimated Friday that 292,000 seasonally adjusted new jobs were added to the economy in December, 275,000 in the private sector and 17,000 in government. The consensus of experts surveyed by Bloomberg ahead of the report said the estimate would be 200,000 new jobs had been created. [snip]Conclusion? It's all Obama's fault.
The estimate makes December the 69th month in a row for private job growth, the 63rd in a row in which new public jobs have been added. The official unemployment rate—the so-called “headline” rate that the BLS labels U3—remained unchanged at 5.0 percent. The number of people officially unemployed remained unchanged at 7.9 million.
