It has to do with media coverage.
You get more legs when you report something that is negative…Its just the nature of things.
It is about, Somebody pushed the dog in the lake.'
Labor Department building in Washington, D.C.Getty Images
…I think the American people are smart as hell to know what their interests are.
I think they know they are better off financially than they were before.
The main headline on CNN.com read, Why the shockingly good jobs report is going to cost you.
The picture was better in other sectors of media.
By contrast, jobs in publishing increased by 6.3%, to 936,200.
Economists expressed surprise at the strong overall job growth.
We could be in the middle of a sustainable increase inlaborsupply.
He added, Just about everyone expected job growth to moderate.
Moreover we had had as series of downward revisions and good reason to expect more.
But instead we have 266k jobs on average over the last three months.
Way above replacement and what was happening earlier this year.
The strong numbers also raise concerns over whether the Federal Reserve will further raise the central interest rate.
Bond yields are surging as investors anticipate another Fed hike.
