The Presidential Daily Brief

Important

  1. Jobs, Earnings Far Lower Than Expected for December

    The U.S. economy added less than half the number of jobs economists expected last month, 74,000 instead of 200,000, the lowest job growth in three years. The unemployment rate dropped, but that was attributed mostly to job-seekers stopping their search. The weather likely played a part, but analysts point to weak earnings suggesting that maybe it’s not just about Mother Nature. Coming the same month as the Fed easing off on its stimulus program makes some wonder if optimism was premature.

    Source: NYT, CNBC

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