Jobs Report January 2012

The jobs numbers just came out at 830 this morning. They were above consensus if 155K for an add at +200K. This was a good number as the unemployment rate fell to 8.5%. I think the consensus view is that the tide is turning in the US, that the economy is finally bouncing back. If true, that's a boon for Obama in 2012.

The US is a continental country, meaning that its economy is mostly domestic with only a small percentage coming from outside via trade. That makes the US much less beholden...


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