Unemployment Rate Falls to 6.7%

By Taegan Goddard

The U.S. economy added just 74,000 jobs last month — way below expectations by economists — but the unemployment rate sunk to just 6.7%.

Wall Street Journal:

“Put December 2013 as the month in which the country’s labor data officially became a mess. What are we to make of a number that came in so far below expectations after a very strong November, all at the same time that the unemployment rate dropped all the way down to 6.7%.

How on earth are we supposed to read a discernible, meaningful trend in his morass of contradictions?

One thing’s certain, it's a reminder that month-to-month data reactions are dangerous.”