Unemployment Rate and Consumer Spending

stock market: U.S. companies added 151,000 workers, and there were two bits of good news: Average hourly wages rose by 0.5%, and the unemployment rate fell to 4.9% for the first time since February 2008, according to Market Watch. Retailers and restaurants, buoyed by strong consumer spending, hired 105,000 bodies, and even supposedly slumping manufacturers took on 29,000 after a slack 2015. That will keep on being the stock market narrative, regardless of Friday January employment report. For investors, the question is straightforward: Are you a Trump or an Obama This question is about temperament, not politics. Or the tendency to argue the Federal Reserve is stoking inflation, gold is the only asset to own, there a junk-bond crisis brewing , that debt in China and Brazil will lead the U.S. economy over a cliff, and so on. Trump, in this telling, is a metaphor for the tendency in politics to turn a number of U.S. Ebola cases countable on your hands to a pandemic that, if not really moving markets, at least causes lots of discussion in them. (news.financializer.com). As reported in the news.