Beware the no-context, gloomy jobs report headlines đ
The expectations game doesn't reveal the full picture
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Upon reading mainstream news headlines, you might think the U.S. labor market is in trouble.
Hereâs a sampling of what some of the major outlets were running on their homepages as of around 10 a.m. ET:
âEconomy added just 210,000 jobs last month, far below expectationsâ - NBC News
âUS employers added a sluggish 210,000 jobs in Novemberâ - ABC News
âUS hiring stumbles in November as economy adds just 210,000 new jobsâ - Fox Business News
âHiring stalled in November, with businesses adding only 210,000 jobsâ - CBS News
âDisappointing jobs report: American employers added only 210,000 new jobs in Novemberâ - CNN
Despite what these headlines say, donât get caught going around telling people âhiring stalled,â because that couldnât be further from the truth.