Why today's jobs report is a big deal for the economy - Vox: "Employers added 211,000 jobs in November, and the unemployment rate held steady at 5 percent, according to data released by the US Department of Labor Friday morning. Consensus expectations had been for 190,000 new jobs, so the report was a bit better than expected. That means the pace of job creation was good enough to make it all but certain that Janet Yellen and the Federal Reserve are done delaying and will raise interest rates at their December 17 meeting.
The Fed appears to have been eyeballing 100,000 new jobs as the minimum needed to make them comfortable proceeding with the rate hike, and this report easily clears that bar."
'via Blog this'